CAIRO, January 13, 2025 (GLOBE NEWSWIRE) — Elite Capital & Co. Limited announced today that its Government Future Financing 2030 Program has formalized a Cooperation Agreement under the new EXIM + Finance System with DIGITIZE for Investment and Technology Co. (Egyptian Exchange: EGX70 – DGTZ.CA).
“The Government Future Financing 2030 Program, exclusively managed by Elite Capital & Co. Limited, has signed an EXIM + Finance System Cooperation Agreement in the ICT solutions and engineering services sector with DIGITIZE for Investment and Technology Co.,” stated Mr. George Matharu, President of Elite Capital & Co. Limited. He explained that this agreement follows negotiations that began in July 2024.
DIGITIZE (DGTZ.CA) is the only publicly listed company in Egypt specializing in the ICT infrastructure sector, solidifying its leadership in digital transformation and technological innovation. This market distinction emphasizes its financial strength, transparency, and critical role in shaping Egypt’s digital future. The company provides end-to-end services that help organizations achieve strategic goals through advanced technology and human expertise, according to the statement.
Mr. Yousry Atlm, Chairman of DIGITIZE for Investment and Technology Co., commented on the agreement: “We look forward to joint work with the Government Future Financing 2030 Program to support the economic governmental projects in Egypt, which witnessed remarkable development in all sectors during the era of His Excellency President Abdel Fattah El-Sisi, and which are expected to flourish in the coming period.” He added that he wanted to thank Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, for his role in the negotiations.
Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, and Head of the Government Future Financing 2030 Program, explained that the EXIM + Finance System provides medium to long-term bank guarantees for government projects. This system eases the burden on the Ministry of Finance by relieving them from issuing sovereign guarantees and streamlining the approval process for banks. It also allows projects to start operations and generate profits before repayment is required.
Mr. George Matharu concluded, “Working with a leading company like DIGITIZE…is a great addition to the journey of Elite Capital & Co. Limited.”
