NBE funds purchase of 6 ships

Reuters
1 Min Read

CAIRO: National Bank of Egypt said on Monday it had signed an agreement with South Korea s STX Shipbuilding Co. to fund Egypt s purchase of six ships for $251.6 million, according to state news agency MENA.

Atiya Salem, vice chairman of National Bank of Egypt told MENA the bank was funding the purchase of four vessels with a capacity of 81,000 tons and two with capacity of 85,000 tons for the state s National Maritime Company.

MENA gave no further details.

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