CEO Today Middle East Awards

71 CEO TODAY MIDDLE EAST AWARDS 2020 Financial Services www.taageer.com Firm Profile Taageer successfully went Public in September 2005 through their maiden Public Issue which was oversubscribed 4.36 times with the participation of 10,300 shareholders, making it the largest shareholder base amongst Non- Banking Finance Companies (NBFCs). Taageer has its Head Office located in Al Khuwair with five branches spread across the Sultanate: Hatat Complex, Sohar, Nizwa, Salalah and Barka. This enables the Company to improve its accessibility to our invaluable customers. The Company will continue to expand its branch network to create an integrated distribution network for both asset and liability products and also improve customer reach. Taageer offers financial products to cater to the ever increasing needs of the business and consumer segments thereby playing an active role in contributing to the socio- economic development of the Sultanate of Oman. Taageer Finance Company was a two-time finalist at the prestigious Oman Awards for Excellence under the category “Flame of Excellence” in 2004 and 2005 and a finalist in 2005 under the category “People Development”. Taageer Finance Company has been awarded by the Ministry of Manpower for playing an active role in developing and recruiting Omani nationals in the private sector. Consistent profit making company and uninterrupted dividend payouts since inception. Taageer offers structured facilities to all its corporate customers to suit their business needs. Lease Facility Taageer provides big-ticket leasing facility to small, medium and large companies for acquisition of capital as well as income generating assets viz. Trucks, Tippers, Excavators, Bull Dozers, Cranes, Graders and all kinds of equipment by way of easy installment schemes. The repayment structures are tailor-made to suit the clients’ requirement and are available based on the cash flow of the customer in a fixed or in a structured manner. Lease facility is available for new asset purchase as well as for used equipment. Taageer also provides financial support for factory or warehouse construction as well as for the purchase of Plants & Machinery. Bill Discounting / Receivable Financing This facility enables our customer to get financial support to the extent of 80% of the invoice raised and certified by their client. This will take care of the working capital management quite easily. Corporate Deposits Taageer offers attractive rates to Corporate for placing deposit with a tenure of equal to or over 6 months with a minimum amount of R0 10,000/. Rate of interest is not published as this varies from time to time. Sale & Lease Back Clients can utilize refinance facilities from Taageer by unlocking their capital after asset purchase. This is suitable for clients who want to unlock their fund to be used for working capital by mortgaging income earning equipment already owned by them. Apart from the above facility Taageer also facilitates their Corporate clients with their Tender Bonds, Performance Bonds, Advance Payment Guaranty, Letter of Credit etc and other Non Funded facilities to enable customers to get ‘the end to end financial facilities’. “Taageer offer financial products to cater to the ever increasing needs of the business and consumer segments thereby playing an active role in contributing to the socio-economic development of the Sultanate of Oman.”