National Finance, Oman’s leading finance and leasing company, has entered into a cooperation agreement with renowned Omani footwear brand Lozari.
The agreement was signed during Lozari’s 10th anniversary celebrations by Ali Al Lawati, Head of Corporate Business at National Finance, and Eng Abbas Abdullah Al Dawood, Co-founder of the Lozari brand, marking a significant step towards enabling local SMEs to unlock new avenues for sustainable growth and expansion.
The cooperation agreement marks a significant milestone in National Finance’s ongoing commitment to strengthening the nation’s SME ecosystem. Through this partnership, the company will provide expert business advisory and explore tailored financing solutions for eligible entrepreneurs and businesses seeking to establish and operate under the Lozari franchise.
SME financing
The collaboration further reinforces National Finance’s leadership in SME financing, while showcasing the depth of expertise within its workforce and its ability to provide strategic guidance and tailored end-to-end support to SMEs and entrepreneurs pursuing business growth and franchising opportunities.
The event, themed ‘The Role of Franchising in Strengthening the Local Economy and Empowering Omani Enterprises’, was held under the patronage of He Sheikh Faisal bin Abdullah Al Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, and brought together prominent industry leaders, distinguished officials and senior representatives from both organisations.
Partner for growth
Commenting on the partnership, Tariq Sulaiman Al Farsi, Chief Executive Officer at National Finance, stated: “We are proud to partner with Lozari, an Omani brand that embodies the spirit, craftsmanship and heritage of our nation. This partnership reflects our commitment to being a Partner for Growth, going beyond financing to walk alongside small businesses on their growth journeys.
“Through the collective expertise of our people, we aim to equip entrepreneurs pursuing Lozari franchise opportunities with the insights and support needed to build resilient businesses and strengthen operational capabilities. By enabling ambitious Omani enterprises to scale, innovate and compete, we are contributing to a stronger, more diversified and future-ready national economy in alignment with the aspirations of Oman Vision 2040.”—TradeArabia News Service
