ArabFinance: Egyptian Transport and Commercial Services Company (ETRS) (Egytrans) has signed a sale and leaseback contract with Cairo Leasing at a value of EGP 32.5 million, according to a statement filed to the Egyptian Exchange (EGX).

Under the contract, Egyrtans will sell its administrative building in Downtown Katamya, El-Tagamoa El-Khamis.

The EGP 32.5 million will be paid in quarterly installments over five years, which will provide cash liquidity of EGP 25.8 million to Egytrans.

This comes within the framework of Egytrans’ expansion plan to finance and support future investments.

Egytrans is an Egypt-based company engaged in international sea, air, and land transportation services.

The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.