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Egytrans, Ahli United Bank sign contract

Egytrans, Ahli United Bank sign contract

Arab Finance: Egyptian Transport (Egytrans) (ETRS) announced that it signed a contract with Ahli United Bank-Egypt.

According to the contract, the bank will issue credit facilities for the company to be utilized in issuance of letters of guarantee up to LE35 million or its equivalent in foreign currency, Egytrans stated in a release sent to EGX.

Moreover, the company will utilize these credit facilities in financing the cash inflows to execute its operations at a maximum limit of LE20 million.

 

 

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