NBK Egypt finances FIPCO’s supply deal
Updated 6/15/2020 1:44:00 PM
ArabFinance: State-owned Holding Company for Food Industries signed a cooperation protocol agreement with the Egyptian Armed Forces’ Food Industries and Packing Complex (FIPCO), Minister of Supply and Internal Trade Ali el Moselhy announced on June 15th.
Funded by the National Bank of Kuwait – Egypt (NBK Egypt) (NBKE), the deal aims at supplying FIPCO’s products to the companies affiliated to the ministry.
The goods will be offered in high quality and competitive prices to serve all citizens purchasing from the supply ministry’s outlets and consumer complexes.
The holding company's chairman Ahmed Hassanin noted that FIPCO’s products will be added to the ration system as well.
The supply ministry announced earlier a change in its branches’ working hours when the curfew was first imposed in March.
