News & Announcements
Taageer Finance’s Chief Executive named ‘CEO of the Year’ in the Finance and Leasing sector
Premier finance and leasing company (FLC) - Taageer Finance - is pleased to announce that its distinguished CEO, Mr. Shahin Mohammed Al Balushi is awarded the prestigious ‘CEO of The Year’ accolade amongst Finance and Leasing companies, at the Alam Al-Iktisaad Awards. The award stands as a testament to his outstanding leadership and accomplishments in the financial sector.
Mr. Balushi, a luminary in Oman’s financial landscape, holds the distinction of being the most experienced CEO in the nation’s financial industry. His impressive career spans leadership roles in three prominent finance companies within the Sultanate of Oman, solidifying his position as the foremost Omani executive in the finance sector at the C-suite level.
Over the span of his illustrious career, Mr. Shahin Mohammed Al Balushi has displayed versatility by contributing across various functions in the finance and leasing business and beyond. His comprehensive understanding of the industry has been instrumental in steering Taageer Finance towards sustained growth and success.
Sharing his thoughts on receiving the ‘CEO of The Year’ Award, Mr. Balushi stated: “I am honoured to receive this prestigious award; which is a testament to the dedication and hard-work of the entire team at Taageer Finance. I believe in the potential of Oman’s finance sector, and am committed to contribute to its growth and development. This recognition further fuels my passion to continue innovating and driving positive change in the industry.”
Under Mr. Shahin Mohammed Al Balushi’s visionary leadership, Taageer Finance has spearheaded numerous digital initiatives, resulting in the company’s recent recognition with the “Pioneers in Digital Evolution (NBFC sector)” Award at the DX Oman Digital Transformation Awards. These initiatives have not only modernized the company's operations but also positioned Taageer Finance as an industry leader in embracing digital transformation.
One of Mr. Balushi’s noteworthy achievements has been in reducing employee turnover through strategic initiatives, with a specific focus on the development of national talent. His dedication to this cause has led to the implementation of internship–based programs at Taageer Finance, fostering skill development and career opportunities for Omani youth.
As Taageer Finance congratulates Mr. Shahin Mohammed Al Balushi on this well-deserved recognition, the company looks forward to continue its journey of growth and innovation under his exceptional leadership. His dedication and passion motivate and inspire the entire team, reinforcing their collective commitment to excellence and positive change within the Sultanate’s vibrant finance and leasing sector.
Taageer Finance launches first-of-its-kind loyalty rewards program ‘Mumayyaz’
- Designed to reward and recognize Taageer’s customers with a proven track record.
- Customers are eligible for exclusive privileges such as pre-approved loans and preferential interest rates.
- Gain access to an exclusive priority lounge at the company’s Head Office in Al Khuwair.
With its ongoing commitment to excellence and innovation at every step, Oman’s premier Finance and Leasing Company (FLC), Taageer Finance is pleased to announce the launch of its highly-anticipated ‘Mumayyaz’ Loyalty Rewards Program. Launched at Comex 2023, one of the region’s leading technology exhibitions, ‘Mumayyaz’ has been conceptualized with the aim to strengthen customer relationship and retention.
A first-of-its-kind offering from an FLC, the ‘Mumayyaz’ Loyalty Rewards Program is designed to reward and recognize customers who have demonstrated a proven track record. Under this program, Taageer’s valued customers receive ‘Platinum’, ‘Diamond’ or ‘Gold’ cards that make them eligible for exclusive privileges such as pre-approved loans, preferential interest rates, and exclusive priority lounge access at the company’s Head Office in Al Khuwair, to name a few.
Explaining the relevance of ‘Mumayyaz’,Shahin Mohammed Al Balushi, CEO of Taageer Finance stated, “We are proud to be the sultanate’s first finance and leasing company to launch a loyalty rewards program, thereby strengthening our commitment to providing innovative, top-notch financial experiences tailored to the needs of our discerning clients. It has always been Taageer’s endeavor to ensure that its customers always deserve the best, and through this program we aim to provide increased opportunities for them. ‘Mumayyaz’ is a token of our appreciation for our clients, and is in line with our efforts to enrich their experience beyond conventional service.”
Taageer Finance offers a diverse range of financial and leasing solutions for businesses and individuals. Headquartered in Al Khuwair in Muscat, the company boasts of an extensive nationwide network, through branches at Wattayah, Sohar, Al Kamil Al Wafi, Barka, Nizwa, Salalah and most recently Seeb. By offering customers a cutting-edge
digital platform, upholding the highest corporate governance standards, implementing resilient systems and procedures, and utilizing state-of-the-art technology, Taageer has established itself as a trusted ally for customers. This includes the integration of Point of Sale (POS) machines at all branches to facilitate a streamlined cashless payment process, as well as the efficient processing of customer requests through its mobile application.
Taageer takes pride in being a responsible corporate citizen, actively supporting the community and contributing to the nation's socio-economic development goals. To drive its business growth, the company focuses on nurturing local talent and continuously enhancing its business processes, customer service standards, and finance solutions portfolio to meet the evolving market demands. In line with this commitment, the Taageer Finance has introduced the ‘Mumayyaz’ Loyalty Rewards Program, aimed at enhancing the experience of its loyal customers. Through this innovative program, the company aims to offer exclusive benefits and opportunities, fostering a stronger bond between the company and its esteemed clientele.
Iftar gathering with pre-owned car dealers
Iftar gathering hosted by Taageer Finance for pre-owned car dealers at Intercon Hotel on 12 April 2023.
Annual Iftar gathering of Taageer Employees
Annual Iftar gathering of Taageer Employees was held at Crowne Plaza Hote, Qurum on 6 April 2023. Performance related rewards and long service awards given to employees.
Team Building event to build camaraderie of employees
Team Building event to build camaraderie of employees
Taageer Finance Announces Successful Issuance of OMR Unsecured Non-Convertible Subordinated Bonds – Issue Subscribed by 195%
Taageer Finance, one of the leading Finance and Leasing company in the Sultanate of Oman, has announced the successful closure of its 2-year OMR denominated bond.
Shaheen Cyclone Aid
As a part of its responsibility towards Corporate Social Responsibility, Taageer pledged an amount of RO 50,000 as its contribution for the relief and rehabilitation works due to devastation in the cyclone affected areas of Suwaiq, Mussanah, Saham and Khabourah.
Taageer unsecured non-convertible bonds subscribed by 132.32%
Taageer Finance successfully completed an unsecured non-convertible bonds issue in November-2021. The Issue managers were Ahli Bank and Bank Dhofar. The size of the Issue was RO 10 million and was closed with a subscription of RO 13.32 million.
AGM - Annual General Meeting
Taageer Finance held its Annual General Meeting on 27 March 2022 at Muscat Intercontinental and the audited financials were approved by the shareholders. The shareholders also approved a cash dividend of 3 baizas per share and stock dividend of 2 baizas per share at the meeting.
Winner of Excellence in Digital Transformation Finance & Leasing Company
As a testment to our customers new & innovative product & services for their convenience, Taageer Finance has won the award for the excellence in Digital Transformation at the New Age Banking Summit Oman Awards.
Winner of Excellence in Customer Experience Finance & Leasing Company
As a testment to our commitment in ensuring customers have a smooth & hassle-free financing process, Taageer Finance has won the award for the excellence in customer experience at the New Age Banking Summit Oman Awards.
Al Seeb Branch Opened
As a part of its efforts to expand the branch network and for enhanced customer convenience, Taageer Finance proposes to open a new branch in Seeb is opened.