Latest news with #UnitedFinanceCompany
Zawya
13 hours ago
- Business
- Zawya
Ahlibank demonstrates market leadership in DCM with successful oversubscription of United Finance Company's senior bond issuance
Muscat: Reinforcing its position as a leading player in the Sultanate of Oman's debt capital markets (DCM), ahlibank has successfully acted as Issue Manager for the OMR 15 million senior bond issuance by United Finance Company (UFC), comprising a base issue of OMR 10 million and a fully exercised greenshoe option of OMR 5 million. The transaction had a novel structure of being the first senior bond issuance by a Finance and Leasing Company (FLC) in recent years. This structure enabled the three-year issuance to price competitively at a coupon of 7.00% pa. Commenting on the success, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank said, 'We continue to remain the #1 issue manager for fixed income issuance for private issuers on the Muscat Stock Exchange. At ahlibank, we remain committed to empowering Omani corporates through bespoke capital-raising strategies that are both efficient and market-responsive. The successful execution of this bond issuance underscores our advisory strength, our distribution expertise, and our ability to navigate market dynamics with precision, positioning ahlibank as a trusted partner in accelerating corporate growth through capital market access.' The issuance garnered robust investor interest with total demand of OMR 17.2 million, reflecting a 1.7x oversubscription underscoring ahlibank's capability in structuring and delivering high-impact capital market transactions. The private placement received over 60 applications, representing the highest level of investor participation for any comparable corporate bond issuance in recent years. This issuance was ahlibank's fourth bonds issuance in the FLC sector with all four issuances achieving oversubscription. The strong momentum surrounding the offering illustrates growing market confidence—not only in the issuer, but also in ahlibank's execution expertise and market-readiness. Notably, the transaction drew a well-diversified investor base, with participation from high net worth individuals, banks, government entities, corporates and asset managers. The diversity of this participation is a direct reflection of ahlibank's ability to deliver well-structured investment opportunities that resonate across stakeholder segments. Meanwhile, the depth of engagement reaffirms the bank's standing as a trusted financial intermediary within Oman's evolving capital markets landscape. The successful closure of this issuance further solidifies ahlibank's position in the investment banking space, reinforcing its long-term strategic objective of diversifying revenue streams and deepening its leadership in Oman's capital markets. Beyond its institutional significance, the transaction also serves as a market catalyst, demonstrating the viability of capital market instruments as an effective financing avenue for corporates, particularly those within the non-bank financial sector. As ahlibank continues to strengthen its investment banking capabilities, the bank remains committed to fostering a resilient, innovation-led capital market ecosystem that contributes meaningfully to Oman's long-term economic diversification agenda.
Muscat Daily
27-05-2025
- Automotive
- Muscat Daily
Strategically positioned to serve Oman's thriving automotive market with faster, customer-first financial solutions
Muscat – United Finance Company (UFC) proudly marked the official opening of its newest branch in Al Maabelah on Monday, May 19, under the gracious patronage of His Excellency Sheikh Ahmed Al Shihi, Wali of Al Seeb. Located in the heart of Al Maabelah's vibrant automotive and commercial zone, the new branch is a key milestone in UFC's broader strategy to bring financial services closer to customers, enhance convenience, and support growing businesses through seamless, customer-centric solutions. The event welcomed over 80 guests, including esteemed auto dealers, long-standing partners, and senior representatives from UFC. Traditional Omani hospitality was offered, accompanied by a live oud performance and UFC-branded giveaways. The ceremony began with opening remarks from Mr. Mahmood Al Hadi, AGM – HR, Administration & Recovery, one of the founding members of UFC, who reflected on the company's journey and reaffirmed its purpose-driven growth. Mr. Abdullah Al Khayyari, Chairman of UFC, followed with a message focused on customer-centric expansion, highlighting Maabelah as a key location in line with UFC's vision for sustainable market leadership. Delivering the keynote, Mr. Fawaz Al Riyami, Chief Business Officer, outlined the branch's role in UFC's transformation roadmap. 'This branch represents more than a physical space—it embodies our continued push toward faster service, deeper community engagement, and digitally empowered customer experiences.' The Maabelah branch is expected to serve both individuals and SMEs, particularly in the automotive sector, offering a tailored suite of financing options designed around speed, simplicity, and trust. The ribbon-cutting ceremony was led by H.E. Sheikh Ahmed Al Shihi, marking the branch's official opening and reinforcing the company's strong ties with the local community.
