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النهار أونلاين
Badr Bank Offers Bus Financing
The Agricultural and Rural Development Bank "Badr" has launched a new financial product for private carriers to acquire new buses. The initiative aims to modernize the public passenger transportation fleet and replace old buses that are over 25 years old. The financing covers up to 90% of the bus's cost, with the beneficiary contributing a personal share of 10% and government support amounting to 20%. Financing is available in two formats, traditional and Islamic, for a period of nine years with a six-month grace period. The program seeks to improve the quality of transportation services and develop the national economic sector.
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