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CIB seals an agreement with SCZone

CIB seals an agreement with SCZone
CIB seals an agreement with SCZone
CIB
COMI
-2.56% 80.00 -2.10

Cairo – Mubasher: Suez Canal Economic Zone. SCZone said it sealed a cooperation agreement with the Commercial International Bank (CIB).

The agreement allows more credit facilities by the CIB to the SCZone’s investors. The lender will also review the feasibility studies and the development plans related to the projects that the investors intend to establish in the zone.

The agreement comes in the framework of the availability of number of CIB’s branches in the zone and its affiliated ports.