Contact Financial Holding announced on Tuesday the signing of a cooperation agreement with Estadat Sports investment to finance City Club memberships and grant City Club members the benefits and services that Contact provides with a competitive interest rate.
The agreement was signed by CEO of Contact Financial Holding Said Zater and CEO and Chairperson of Estadat Seif Al-Wazery in the presence of some distinguished members of the executive management teams of both Contact and Estadat.
During the signing event, Zater said: “Clubs are some of the most important places in Egypt that people seek, whether for sports or social gatherings, and signing this agreement is only the beginning of supporting club goers and exploring new horizons for various financing services within the framework of the company’s goals as part of its plan to provide non-banking financial services to individuals.
“Contact’s services will enable club members to manage their financial resources with ease by paying their club membership fees in instalments, as well as giving them the opportunity to enjoy the various financing benefits that Contact offers to all its current and prospective clients in all fields.”
He added that the “Egyptian government has made great efforts during the last period to improve the standard of living of citizens at all levels, including sports through sports projects that were established in many cities across Egypt.”
“This cooperation would contribute effectively to meeting the desires of citizens to join the family of City Club members across Egypt with facilities that allow them to benefit from the activities and services provided in the clubs, with facilities in payment methods and in a manner that does not add huge additional burdens to the budget of those wishing to join.”
He concluded by affirming that “the company is keen to increase its investment share and enhance its presence in the sports field in the MENA region.”