Asyad Group partners with mamun to bring vendor financing solutions

Asyad Group, renowned as Oman’s global integrated logistics provider, has embarked on a collaborative journey with mamun, a leading financial technology provider in Oman. This venture aims to introduce cutting-edge supply chain financing solutions designed to empower Asyad’s extensive vendor ecosystem.

Strengthening Vendor Ecosystem: Asyad Group and Mamun's Collaborative Effort

Aligned with its unwavering commitment to bolster the private sector, Asyad has partnered with mamun to deploy innovative payment technologies and crowdfunding solutions. These initiatives are geared towards providing enhanced liquidity and growth opportunities for vendors within Asyad’s ecosystem.

Through this strategic collaboration, Asyad Group will endorse invoices financed through mamun's sharia-compliant crowdfunding platform. This move is set to provide vendors operating within Asyad’s ecosystem with improved liquidity, overcoming financial hurdles and fostering accelerated growth opportunities.

Muhsin Al Rustom, CFO at Asyad Group, emphasized, “Our partnership with mamun aims to equip our vendors with efficient payment tools and enhanced access to working capital. This initiative underscores our commitment to fortify our private sector partners, creating a robust network of vendors for Asyad while contributing to Oman’s economic growth.”

Saleh Al-Tamami, Co-Founder & CEO at mamun, expressed enthusiasm about the partnership, highlighting its mutual benefits. "This collaboration between Asyad, its suppliers, and investors in mamun’s crowd fund exemplifies Asyad’s proactive approach towards business enhancement and treasury functions."

This collaborative effort combines Asyad Group's extensive industry expertise with mamun's technological advancements, amplifying the financial services available to vendors. The partnership aims to bolster their participation in Oman's logistics sector significantly.

Asyad Group remains committed to empowering entrepreneurs, SMEs, and private vendors through impactful initiatives, thus reinforcing Oman’s position as a global logistics hub.