Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt.
This funding backs the lender’s commitment to boosting key sectors in line with Egypt’s Vision 2030 to enhance transportation and improve the quality of services provided to citizens, according to a press release.
The agreement marks a strategic step towards developing the transportation sector, boosting its efficiency, and driving a transformative shift in the transport system.
The deal was signed by Tamer Ragheb, Head of Corporate and Institutional Banking at Emirates NBD Egypt, and Tarek Hamed Goueili, Chairman of the National Authority for Tunnels (NAT).
Meanwhile, the signing took place in the presence of senior executives from the bank, headed by Moaaz Hashem, Head of Large Corporate Banking at Emirates NBD Egypt; Mona Osama, Head of Debt and Structured Finance at Emirates NBD Egypt; and Haidy Tarek, Senior Relationship Manager at Emirates NBD Egypt.
Last February, Emirates NBD-Egypt inked a financing agreement exceeding EGP 1 billion with Juhayna Food Industries to support the company’s expansion strategy.
