FAMCO launches financial services

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.