Tawfeek Leasing says LE100 financing agreement has not signed yet
Updated 1/24/2018 4:41:03 PM
ArabFinance: Al Tawfeek Leasing Company - A.T.LEASE (ATLC) clarified what was published in a newspaper regarding adding factoring activity by the end of the third quarter of 2018 and signing LE100 agreement to finance the companies according to Egyptian central bank's (CBE) initiative with 7% interest.
The Company said in a statement sent to Egyptian Stock Exchange (EGX) the aforementioned information is not accurate, as the Company seeks to add factoring activity after would have prepared studies and having the necessary approvals from Board of Directors and other authorities.
A.T.LEASE added it has not signed LE100 agreement to finance the projects according to CBE.
