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Debt settlement of Dar Al Tahrir
Banque Misr Settles Debt Portfolio of Dar El Tahrir
On Tuesday, June 25th 2019, Banque Misr Chairman, Mr Mohamed Eletrby signed a debt settlement agreement with Mr Saad Selim – Chairman of Dar El Tahrir for Printing and Publishing. The settlement agreement signature ceremony was attended by the leadership of Banque Misr, Dar El Tahrir as well as the National Press Authority. This agreement comes as part of Banque Misr's leadership role as a national financial institution that is relied-upon to achieve and support national and strategic development in various economic and social domains. Banque Misr is keen on standing beside national press institutions that have a long history and influence like Dar El Tahrir. Banque Misr has previously settled debts it held for other national press institutions.
This settlement agreement was done out of the bank's interest in improving the circumstances for Dar El Tahrir and in helping it achieve financial stability. The Bank is keen on helping Dar El Tahrir carry out its cultural and enlightenment role as one of the important pillars of the Egyptian culture, after eliminating the burden of the debt portfolio that had been overdue for years.
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