Housing Bank announced the signing of a loan agreement with the National Electric
Power Company (NEPCO), under which the Bank provides funding of JOD 250 million
for supporting the financial capacity of NEPCO and financing its needs.
agreement was signed on behalf of the Housing Bank, by Omar Malhas General
Manager, and Mohammed Qaryouti, Assistant General Manager for Banking Affairs
and Companies, and on behalf of NEPCO, by Eng. Abdul Fattah Daradkeh, General Manager,
and in the presence of representatives of the parties' management.
Daradkeh, General Manager of NEPCO, expressed his thanks and appreciation for
the Housing Bank and professionalism in the fulfillment and execution of the
loan agreement, and called for greater cooperation between the two parties for
the common interest.
signing of this agreement is the culmination of the good relations between the
Housing Bank and NEPCO, and as a confirmation of the Bank's role in supporting
the national economy by providing funding effective and productive economy
sectors, especially the energy sector, which is witnessing growth and
significant developments and challenges with global energy prices.