Nama Shared Services LLC Signs a Credit Insurance System Agreement with Credit Oman

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Nama Shared Services LLC, a company of Nama Group, signed a Credit Insurance System Agreement with Credit Oman. The agreement was signed by Mr. Ahmad El Rahbi, General Manager representing Nama Shared Services LLC and by Sheikh Khalil A. Al Harthy, CEO of Credit Oman, at the Headquarters of Credit Oman.

By virtue of the aforementioned agreement, Nama Shared Services LLC shall provide services and develop technical solutions in the field of sales credit insurance for Omani companies in case of insolvency or bankruptcy of the buyers of their services or products. It is worth noting that the modern technologies and techniques will provide a new and comprehensive digital system to offer quick and agile transactions, allowing therefore customers follow up their transactions and operations smoothly and in a simplified manner. Furthermore, this system will enhance the speed, efficiency and accuracy of the subscription and risk management mechanisms to provide inclusive insurance solutions that will meet the needs of Omani exporters and manufacturers, whether currently or in the future.

This is a first of its kind partnership for Nama Shared Services LLC concluded with non-Nama Group members. The company is also looking to expand its services to contribute to achieving the shares goals with the developmental institutions operating in various fields in the Sultanate and to boosting the national economy.