Financing Agreement with Housing Bank for Trade and Finance
Tanmia for Natural Gas Company signed an agreement with Housing Bank to finance the first phase of the project to supply natural gas to a number of industrial clusters, in cooperation with Jordanian Egyptian Fajr for Natural Gas Company for the transportation and supply of natural gas. The agreement aims to cover part of the cost of implementing the infrastructure and subsidiary networks for transporting, connecting, and distributing natural gas to industrial facilities.
The agreement was signed at the headquarters of Housing Bank’s General Administration by Mr. Ammar Al-Safadi, CEO of Housing Bank; Engineer Fouad Rashad, CEO ofJordanian Egyptian Fajr for Natural Gas Company; and Accountant Mohammad Al-Trabelsi, CEO of Tanmia for Natural Gas Company, in the presence of Abdulilah Al-Khatib, Chairman of Housing Bank, along with a number of representatives from both parties.
This agreement comes to enable industrial institutions to reduce energy costs compared to traditional fuel sources, contributing to lower production costs, enhancing the competitiveness of national industries in local and export markets, increasing the attractiveness of industrial investments, and providing more job opportunities.
