January 27, 2020

Taageer Finance Company SAOG Signs a Membership Agreement with Mala’a

Taageer Finance Company SAOG has signed a Membership Agreement with Oman Credit & Financial Information Centre to be part of Mala’a’s members system to facilitate the enhanced decision-making process and reduce credit risk.

The membership agreement states that Mala’a provides a central database of credit and financial information at the national level with the purpose of assisting members in making credit and/or business relation decisions through the assessment of solvency of their customers leading to reduced credit and financial risks and extension of financial inclusion in the Sultanate of Oman.

Oman Credit and Financial Information Center includes members from the banking, financial, insurance, and telecom sectors, as well as SME funds. It is also connected to more than 17 government registries of information providers. As per the Royal Decree no 38\2020, Mala’a is to provide a database of credit and financial information on a national level, to assist its members or beneficiaries evaluate their client’s solvency, and therefore reduce credit risks, improve loans quality, and reinforce financial inclusion in the Sultanate, according to state-of-art technologies and global standards.

Taageer Finance was established in 2005 and it offers financial products to cater to the needs of the business and consumer segments.