In accordance with e&’s evolving corporate identity, leading tech-telco operator Etisalat Egypt by e& signed a financing agreement with Commercial International Bank (CIB) for EGP 4 billion to support Etisalat's ambitious expansion plans.
This agreement was signed by Eng. Hazem Metwally, chief executive officer of Etisalat Egypt; Ehab Rochdy, chief financial officer of Etisalat Egypt; Amr El Ganainy, CIB’s CEO of Institutional Banking; and Soha Abou Zikry, head of Global Customer Relations Group.
Hazem Metwally said that this partnership with the CIB reflects the bank's leadership and success in offering a variety of financing and banking services. He also noted that this agreement aims to support Etisalat Egypt's expansion plans to unleash its potential in providing innovative services that meet the constantly changing needs of customers and develop its services.
He added that this expansion has a positive impact on the services offered to customers, with Etisalat Egypt continuing to offer top-notch quality to its citizens by utilizing the most recent technological advancements in the international markets, all made possible through collaboration with successful partners.
Metwally further noted that this alliance paves the way for Etisalat Egypt to realize its goal of creating a "Digital Egypt" in line with Egypt's Vision 2030.
In this context, it is important that infrastructure be seen as a crucial factor in driving economic development, competitiveness and social well-being. Enhanced private sector partnerships have the potential to be the difference-maker and growth catalyst.