Oman’s Asyad Partners with Mamun to Bring Vendors New Crowdfunding Solutions

Asyad Group, Oman’s global integrated logistics provider, has partnered with mamun, a leading financial technology (fintech) company in Oman, to introduce the latest supply chain financing solutions aimed at empowering Asyad’s vendor ecosystem.

Aligned with its strategy to support the private sector, Asyad took this proactive step to unlock new prospects for vendors and create a growth-promoting vendor ecosystem that fully utilizes innovative payment technologies and crowdfunding solutions powered by mamun.

Through this collaboration, Asyad Group will endorse invoices financed through mamun’s Sharia-compliant crowdfunding platform, thereby granting vendors operating in Asyad’s ecosystem better liquidity and enabling them to overcome financial obstacles and accelerate growth.

“Our partnership with mamun aims to provide our vendors with efficient payment tools, alternative financing options, and improved access to working capital that they can leverage to pursue growth and prosperous ventures,” said Muhsin al Rustom, chief financial officer at Asyad Group.

He said, “This initiative is proof of our commitment to strengthen our private sector partners and vendors, ultimately creating a robust network of vendors for Asyad and contributing to economic growth across all sectors of Oman’s economy.”

Commenting on their promising partnership with Oman’s logistics powerhouse, Saleh al Tamami, co-founder and CEO at mamun, said, “This partnership, a true win-win-win scenario for Asyad, its suppliers, and the investors in mamun’s crowdfund, highlights Asyad’s proactive approach to enhancing its business and treasury functions. We look forward to onboarding and working with other companies in the ecosystem that want to improve their relationship with their supplier network while reaping the benefits of the arrangement as well.”

mamun is a leading fintech firm in Oman that offers innovative solutions in the domestic and global markets. Under this collaboration, Asyad Group will combine its extensive network and industry expertise with mamun’s technological prowess to optimize conditions and financial services available to vendors, thereby expanding their capacity to play an active role in the sultanate’s logistics sector.