United Finance Company (UFC) has issued and paid-up capital of RO 5 million ($13 million) in the form of 5 million RO 1 ($2.60) shares. It raised 40 per cent of its equity in a public offering which closed heavily oversubscribed on 13 November 1997. It was established by a group of 19 investors to provide financing for industrial, commercial, building and contracting companies and for vehicle purchases. UFC aims to capture a 7-8 per cent share of the vehicle financing market, which is estimated at about 3,000 vehicles with a total financing cost of some RO 22 million ($57 million). The company also offers 12-month loans for home furnishings and improvements. UFC faces competition from Muscat Finance Company, Oman Orix Leasing Company, Al-Omaniya Financial Services Company and Oman Leasing Company.
Headquarters
P.O.Box 3652
Ruwi; Musqat;
Postal Code: 112
Contact Details: Purchase the United Finance Company Saog report to view the information.
Website: http://www.ufcoman.com
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