Sharakah has signed an agreement with Snow Vehicle SPC, a company specializing in the rental of small refrigerated vehicles used for transporting perishable cargo.
The agreement provides Snow Vehicle SPC with a Shariah-compliant funding solution from Sharakah to support the expansion of its vehicle fleet.
The financing will be used to purchase additional larger-capacity refrigerated vehicles, enabling the company to enhance its service capability and respond to the growing demand for reliable cold-chain transport solutions across the Sultanate.
Snow Vehicle SPC focuses on providing temperature-controlled transportation for businesses that require safe and efficient delivery of perishable products. Its services cater to a range of food-related businesses including fruit and vegetable shops, fish markets, poultry suppliers, and other enterprises that rely on consistent refrigeration during transit.
By expanding its fleet, the company aims to improve logistics capacity while maintaining strict standards for product quality and safety, as per the statement.
Snow Vehicle SPC expands capacity with Sharakah funding
Commenting on the agreement, Ali Ahmed Muqaibal, CEO of Sharakah, said that, “Providing tailored financing solutions to SMEs remains central to Sharakah’s mission. Our support for Snow Vehicle SPC reflects the importance of strengthening specialised logistics services that help local businesses operate more efficiently. By facilitating the expansion of their refrigerated fleet, we are contributing to the development of a stronger and more reliable cold-chain ecosystem that supports Oman’s food supply sector.”
Mahmood Saeed Al Yahyaei, Founder of Snow Vehicle SPC, noted that, “The funding provided by Sharakah enables us to expand our operational capacity and serve a broader range of clients. With the addition of larger refrigerated vehicles to our fleet, we will be able to meet increasing demand for temperature-controlled transportation while continuing to deliver reliable services to food businesses across Oman.”
