Market Performance and Supply
Considering the size of the middle east region and the economies which exist within it, it is surprising that factoring was a relatively unknown industry until the mid 1990’s. Muscat Finance Company was the first to pioneer the concept in Oman and there are currently several companies offering factoring services in the middle east region.
When MFC launched its factoring service, a great deal of time and effort was invested in introducing the product and developing the factoring market. A series of seminars were held, the first of which in 1994 was chaired by Jeroen Kohnstamm, secretary general of FCI. This particular seminar was well received by a cross section of the business community and government officials.
