Nama Shared Services Company (NSS), a member of Nama Group, has signed a Credit Insurance System Agreement with Credit Oman.
The agreement, signed at Credit Oman headquarters in Airport Heights, 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.
Ahmed al Rahbi, general manager, represented NSS in the signing ceremony while Sheikh Khalil Ahmed al Harthi, CEO, represented Credit Oman.
Modern technologies will provide a new and integrated digital system to speed up processes and ensure flexible and simple transactions for customers.
Also, the system will 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.
The 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.