Mamun Expands Hong Kong Presence: What This Means for Oman and GCC Trade Finance Opportunities
Mamun, the Oman-based fintech and alternative finance platform, is advancing its presence in Hong Kong as part of a strategic initiative to boost two-way trade finance flows between Oman, the GCC, Hong Kong, and the Greater Bay Area.
This expansion highlights a broader opportunity to link GCC buyers, Asian suppliers, financial institutions, technology partners, and trade origination channels through a regulated, Sharia-compliant trade finance infrastructure.
In line with this effort, Mamun recently held a significant meeting with King Leung, Global Head of Financial Services, Fintech & Sustainability at InvestHK, and Peggy Kwok, Senior Vice President of Fintech at InvestHK. The discussion focused on Mamun’s growing presence in Hong Kong and the development of trade finance partnerships across Hong Kong and the Greater Bay Area.
The meeting included Mamun’s Co-Founder and CEO Saleh al Tamami, Co-Founder and Chief Commercial Officer Mohammed al Tamami, and Head of Compliance Nareen al Maamary, alongside Leung and Kwok.
With InvestHK’s support, Mamun established its Hong Kong presence earlier this year, which is now expanding through strategic partnerships, increased market engagement, and rising settlement flows. Currently, about 40% of Mamun’s trade finance settlements, conducted under Murabaha contracts for GCC clients, are transacted with Hong Kong-based financial institutions and businesses.
Mamun views this trade corridor as mutually beneficial, facilitating GCC buyers sourcing from Hong Kong and the Greater Bay Area, while also enabling Hong Kong businesses, financial institutions, and partners to engage in trade flows connected to Oman and the broader GCC region.
Both Oman and Hong Kong share a rich maritime and trade heritage, historically shaped by ports, merchant networks, re-export activities, commercial trust, and the exchange of goods, capital, and people across vast regions.
Special Analysis by Omanet | Navigate Oman’s Market
Mamun’s expanding presence in Hong Kong signals a strategic pivot for Omani businesses to tap into the vast Greater Bay Area market through Sharia-compliant trade finance, fostering deeper GCC-Asia trade integration. Smart investors and entrepreneurs should consider leveraging Mamun’s growing network and two-way settlement capabilities to unlock new cross-border opportunities and mitigate risks in traditional trade corridors. This development positions Oman as a critical node in the evolving global fintech-driven trade ecosystem.
