Nama Shared Services signs credit insurance system agreement with Credit Oman

Muscat: Nama Shared Services Company (NSS), a member of Nama Group, signed a credit insurance system agreement with Credit Oman.

Ahmed Al Rahbi, General Manager of Nama Shared Services Company, represented NSS in the signing ceremony where Sheikh Khalil bin Ahmed Al Harthi, Credit Oman CEO, represented Credit Oman on the other side.

The agreement, signed at Credit Oman headquarters, stipulates that NSS will provide services in the field of guaranteeing sales of Omani institutions in the event of insolvency or bankruptcy of buyers for their products or services.

It is worth noting that modern technologies will provide a new and integrated digital system to speed up processes and ensure flexible and simple transactions for customers. The system will also contribute to the speed, efficiency and accuracy of underwriting mechanisms and risk management in order to provide integrated insurance solutions that will meet the current and future needs of Omani exporters and manufacturers.

This partnership is the first of its kind for NSS outside Nama Group. The company is looking forward to expanding its services to achieve common objectives with development institutions in various fields in the Sultanate and sustain the National economy.