National Finance’s Impressive Q1 Performance Highlights Employee Prowess & Effective Operation Strategies
Driven by a robust growth strategy, National Finance, the Sultanate of Oman’s leading finance company, has reported an impressive performance for Q1 ended 31 March, 2025. The company’s achievements are a testament to its focus on operational efficiency and a people-centric culture, both of which have played a pivotal role in its success. Furthermore, the results spotlight National Finance’s commitment to sustainable growth, supported by a comprehensive strategy that integrates prudent risk management, preparedness for market shifts, and continuous operational optimization.
National Finance continues to maintain its leadership position in the nation’s finance and leasing sector, with a total regulatory capital of RO 141.69 million — the highest among Finance and Leasing Companies (FLCs) in the Sultanate of Oman. This strong capital base provides a solid foundation for the company’s ongoing growth and expansion. National Finance remains the largest FLC in the country in terms of asset size, branch network, revenues, and profitability. For the period ending 31 March, 2025, the company achieved an operating profit of RO 5.96 million, marking a 51.83% increase compared to RO 3.93 million in March 2024. Net Investment in Lease also saw steady growth, reaching RO 600.74 million, up 3.78% from RO 578.87 million in December 2024. Profit after tax surged to RO 3.31 million, an increase of 36.64% from RO 2.42 million in March 2024, underscoring the company’s strong financial performance and sustained profitability.
Reflecting on the company’s achievements, Mr. Tariq Sulaiman Al Farsi, Chief Executive Officer at National Finance, stated, “The consistent growth in our performance and market share underscores our resilience in navigating a dynamic market landscape. Through strategic foresight and a commitment to operational optimization, we have successfully streamlined our efforts to maintain a forward-looking approach while ensuring sustainable growth."
He added, “Our extraordinary workforce has been integral to our success; their dedication, talent, and relentless efforts are truly unmatched. By cultivating a people-centric workplace culture, we have placed significant emphasis on strategically attracting national talent and implementing robust initiatives for continuous skills development through training and workshops. This not only positions our employees for exceptional career advancement within the organization but also plays a vital role in strengthening the nation’s finance sector. Ultimately, our commitment to workforce development contributes to the sustainable growth of local communities and fosters broader economic progress across the country.”
National Finance’s human capital development strategy is grounded in the fundamental belief that a motivated and skilled workforce is the cornerstone to business success. To drive this success and keep its team motivated, the company has implemented distinctive employee engagement strategies that cultivate a work culture where employees can unlock their full potential, thrive in a collaborative environment, and maintain a healthy work-life balance. Over the past three years, the company has successfully achieved an Omanization rate of over 90%, employing 354 Omanis out of a total workforce of 387. This accomplishment reflects a steadfast commitment to developing national talent and nurturing the next generation of leaders within the finance sector.
The company remains resolute in its commitment to Environmental, Social, and Governance (ESG) objectives, aligning closely with the sustainability goals outlined in Oman Vision 2040. National Finance has been at the forefront of social responsibility initiatives, with its Himmah volunteer team leading efforts in community welfare and environmental conservation in partnership with prominent non-profits and activists. The company’s dedication to sustainability also extends to supporting the nation’s youth, collaborating with organizations such as Sharakah and Injaz Oman to drive innovation, cultivate a new generation of entrepreneurs, and provide them with the essential tools to establish successful homegrown businesses. Additionally, National Finance recently entered a strategic partnership with the International Finance Corporation, securing $120 million in funding to advance its sustainable financing initiatives.
With a diversified product portfolio designed to meet the evolving needs of individuals, SMEs, and corporates, National Finance is committed to fostering financial inclusion and enhancing customer convenience through its expansive network of 23 branches. The company remains unwavering in its pursuit of excellence, delivering exceptional value while upholding its promise to be a trusted Partner for Growth to all. By seizing opportunities for transformative growth, National Finance continues to drive innovation within the nation’s finance sector, making meaningful contributions to socio-economic development and paving the way for a bright and prosperous future.