Towell Auto Centre (TAC), one of Oman’s leading automotive companies since 1972, and Sohar International Bank (SIB), a prominent financial institution in the Sultanate, have announced the signing of a strategic Memorandum of Understanding to introduce exceptional vehicle financing solutions for customers.

The signing ceremony, held on 24 November 2025, was attended by Mr. Riyadh Ali Sultan, General Manager of Towell Auto Centre along with along with Mr. Abdul Qader Ahmed Mohammed Al Sumaili (Chief Retail & Premier Banking Officer – Sohar International Bank) and Mr. Nasser Abdullah Al Nahdi (Head – Islamic Retail Banking – Sohar International Bank). The agreement unlocks exclusive financing offers on selected Mazda and JAC models, reinforcing the commitment of both organizations to elevate customer experience and provide added value, particularly as these offers coincide with the National Day celebrations.

Strategic Partnership with Exclusive Financing Benefits

Under the newly signed MoU, customers will have access to a range of flexible financing packages through Towell Auto Centre, the exclusive distributor of Mazda and JAC in Oman. The offers include:

• Mazda Financing Offers: Zero-interest financing for four years on the premium Mazda CX-60 and CX-90 models, making luxury ownership more accessible while reflecting the shared vision of both entities to deliver advanced and customer-centric financial solutions.
• JAC Financing Offers: Zero-interest financing for two years on JAC JS6, in addition to a flexible plan with a competitive 3% annual interest rate for up to five years, providing customers with greater affordability and choice.

Commenting on the partnership, Mr. Riyadh Ali Sultan, General Manager of Towell Auto Centre, said:
“We are pleased to strengthen our collaboration with Sohar International Bank. This MoU demonstrates our ongoing commitment to prioritizing customer needs. By offering 0% interest on Mazda and JAC models, we aim to make high-quality vehicle ownership more attainable for individuals and families across Oman.”

This collaboration emphasizes the dedication of both organizations to deliver innovative, reliable and customer-focused financing options, enhancing the overall vehicle ownership experience and supporting the continued development of the automotive market in the Sultanate.