jordan pulse -
The Jordanian Telecommunications Company - Orange Jordan signed a financing agreement with Cairo Amman Bank, under which the bank granted the company a loan of 30 million dinars, with a repayment period of up to five years, to finance its operations and operational projects.
The agreement was signed on behalf of Orange Jordan by the Chairman of the Board of Directors of the Jordanian Telecommunications Company - Orange Jordan, Dr. Shabib Ammari, and the CEO of the company, Philippe Mansour, and on behalf of Cairo Amman Bank by the Executive General Manager, Kamal Al-Bakri, in the presence of a number of executive managers from both sides.
On the sidelines of signing the agreement, Mansour highlighted the importance of this agreement in enhancing Orange Jordan’s efforts to achieve growth, saying: “This agreement will enable us to anticipate customer needs and develop our services and expand our geographical presence.”
This agreement came within the framework of both parties’ belief in the importance of joining efforts to develop digital services that contribute to reshaping the scene, including fiber networks and the fifth generation, thus making a qualitative leap in digital services in a way that meets the needs of different segments of society and achieves all their different needs and requirements.
For his part, the company’s Deputy CEO, Ruslan Deiranieh, confirmed that the financing deal with one of the most prominent banks in the banking sector represents an important step in implementing Orange Jordan’s strategy for sustainable growth and supporting operational growth, and aligns with its expansion direction, where the facilities aim to cover operational and capital expenses associated with the company’s future plans.
He pointed out that the company’s financial and operational successes and efficiency enhancement over the past years are among the main factors in obtaining an investment-grade credit rating and providing added value to its shareholders, indicating that this agreement confirms the partners’ confidence in the banks in the company’s financial capabilities and future strategy.