Ocean of Majan secures financing to scale industrial packaging

Bagpak marque relation Ocean of Majan International Commercial Services has obtained a Shariah-compliant financing installation from Sharakah, according to a property merchandise posted connected Zawya.

The backing statement is intended to enactment the company's moving superior requirements and let for an summation successful some manufacturing and proviso operations.

A memorandum of knowing (MoU) was signed betwixt Sharakah, an SME improvement entity successful Oman, and Ocean of Majan.

The statement is portion of Sharakah’s efforts to supply enactment to tiny and mean enterprises successful important concern segments wrong the country.

Commenting connected the development, Sharakah CEO Ali Ahmed Muqaibal said: “Supporting SMEs that fortify Oman’s concern ecosystem remains a cardinal precedence for Sharakah.

"Our collaboration with Ocean of Majan International Commercial Services enables a increasing section shaper to grow its capabilities and present reliable packaging solutions to aggregate industries that are indispensable to the country’s economical development.”

Launched successful October 2022, Bagpak manufactures polypropylene-based packaging products for concern purposes. Its portfolio includes woven bags, FIBC jumbo bags, and cement bags, each made of polypropylene. These items are utilized by a assortment of sectors successful Oman.

The company’s packaging solutions are aimed astatine gathering the requirements of industries specified arsenic cement production, sweetener refining, petrochemicals, nutrient processing, mining, and logistics.

Ocean of Majan International Commercial Services typical Falah Ali Al Kaabi commented: “Sharakah’s fiscal enactment comes astatine an important signifier successful our maturation journey.

"The moving superior installation enhances our quality to negociate accumulation cycles, support accordant supply, and respond efficaciously to the expanding request for durable concern packaging solutions successful Oman.”

"Ocean of Majan secures financing to standard concern packaging" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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