This agreement, which was signed between Capital Bank Chief Executive Officer Dawod Al Ghoul and Eastern Mediterranean for Logistic Services and Storage General Manager Safwat Farouqi, allows the bank’s clients to take advantage of the company’s vast experience and facilities in the field of warehousing and storage.

As part of the agreement, Capital Bank clients can procure a percentage of the value of the goods they wish to purchase by opening letters of credit, which are subsequently guaranteed by storing the goods in the warehouses and hangars’ facilities offered by the company.

At the signing, Al Ghoul said that the loan against the bonded goods storage product is yet another example of the importance that the bank places on creating services that keep the client’s comfort and peace of mind at the forefront, a strategy that has maintained Capital Bank’s position as the top choice for the corporate sector. As part of its comprehensive banking services to this sector, Capital Bank offers its clients credit facilities that maximize their business opportunities, which in turn boost the  economy and help achieve sustainable economic growth.

Through the agreement, Eastern Mediterranean for Logistic Services and Storage will offer a comprehensive package of services to Capital Bank’s clients, including preferential storage fees for their goods and the highest levels of security and safety. The company is also committed to providing protection for all the goods stored in its facilities using state-of-the-art technology.

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