Muscat: Sharakah, Oman’s leading SME development company, has signed an agreement with Snow Vehicle SPC, a company specialising in the rental of small refrigerated vehicles used for transporting perishable cargo.
The agreement provides Snow Vehicle SPC with a Shariah-compliant funding solution from Sharakah to support the expansion of its vehicle fleet. The financing will be used to purchase additional larger-capacity refrigerated vehicles, enabling the company to enhance its service capability and respond to the growing demand for reliable cold-chain transport solutions across the Sultanate.
Snow Vehicle SPC focuses on providing temperature-controlled transportation for businesses that require safe and efficient delivery of perishable products. Its services cater to a range of food-related businesses including fruit and vegetable shops, fish markets, poultry suppliers, and other enterprises that rely on consistent refrigeration during transit. By expanding its fleet, the company aims to improve logistics capacity while maintaining strict standards for product quality and safety.
Commenting on the agreement, Ali Ahmed Muqaibal, CEO of Sharakah, said, “Providing tailored financing solutions to SMEs remains central to Sharakah’s mission. Our support for Snow Vehicle SPC reflects the importance of strengthening specialised logistics services that help local businesses operate more efficiently. By facilitating the expansion of their refrigerated fleet, we are contributing to the development of a stronger and more reliable cold-chain ecosystem that supports Oman’s food supply sector.”
Mr. Mahmood Saeed Al Yahyaei, Founder of Snow Vehicle SPC added, “The funding provided by Sharakah enables us to expand our operational capacity and serve a broader range of clients. With the addition of larger refrigerated vehicles to our fleet, we will be able to meet increasing demand for temperature-controlled transportation while continuing to deliver reliable services to food businesses across Oman.”
About Sharakah
Sharakah, among Oman’s first SME development initiatives has been fostering the entrepreneurial spirit since 1998 when it was incorporated by Royal Decree No. (76/98). Since its inception, Sharakah has provided support to a substantial number of projects in different sectors through awareness, training programs, financial support, consultation services and more. Playing a strategic role in the SMEs ecosystem in the Sultanate and making a positive impact is Sharakah’s vision, and its strategies revolve around the objectives of benefitting the Omani SME sector.
Contact
Mohammed Al Farsi
Marketing Specialist
Email: info@sharakah.om
Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.