FAMCO launches financial services

Press release
Published August 5th, 2012 - 07:57 GMT

FAMCO, Al-Futtaim Auto & Machinery Co, the Al-Futtaim Group distributor of commercial vehicles, construction and industrial equipment, today announced the launch of FAMCO Financial Services to offer a range of tailor-made financing packages for truck, bus, construction equipment, forklifts, generators and compressors.

Paul Floyd, Managing Director at FAMCO said, “We have now developed a full solution package for our customers. FAMCO Financial Services is another ingredient within a more sophisticated sales cycle aimed at satisfying a more demanding customer, where value and total cost of ownership have become more important. Now, we can include financing, service contracts and insurance in a single monthly payment, greatly assisting our customers with a cash efficient solution to the operation of their fleet”.

FAMCO offers products and services to a diverse range of industries and commercial undertakings covering the transportation, construction, oil and gas, manufacturing, warehousing and marine sectors.

The newly launched financial services unit utilizes a multi-bank approach and offers customers the ability to conserve their capital while providing an additional credit line. In addition to equipment financing, FAMCO Financial Services can combine insurance and service agreements in one monthly payment allowing customers a significant cash-flow advantage. Shariah compliant options are also available.

Background Information

Al-Futtaim Auto and Machinery Company

Al-Futtaim Auto & Machinery Co. (FAMCO) is a market leading supplier of products & services to a diverse range of industries and commercial undertakings covering the transportation, construction, manufacturing, warehousing, oil & gas and marine sectors. FAMCO serves these industries with world-class brands like Volvo Trucks, Volvo Buses, Volvo Construction Equipment, Merlo, Ingersoll Rand, Linde, Dexion, Yanmar, Himoinsa, Stanley Proto, Fenner, Bruynzeel, Mobel Linea, Meco, Bott, Stertil, Hart & Nassau.

FAMCO has operations in Dubai, Abu Dhabi, Al Ain and Ras Al Khaimah. The company’s development and success has been based on an in-depth understanding of customer needs and the dedication of its skilled staff. FAMCO is committed to providing outstanding second-to-none service levels to customers and to maintaining quality, safety and environmental standards at the highest possible levels. FAMCO is an ISO 9001:2008 and ISO 14001:2004 certified company.

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