A Historic Agreement of 10 Million USD between Bank of Palestine and the Latin Patriarch in Jerusalem to fund projects including the purchase of Dawoud’s Mountain hospital land
11 | 11 | 2010
Under the Patronage of Mr. Salam Fayyad, The Prime Minister, His beatitude the Patriarch Foad Tawwal, The Latin Patriarch of Jerusalem, and Mr. Hashim Shawa, Chairman and General Manager of Bank of Palestine, signed credit facilities agreement for funding projects valued 20 million US dollars which will be conducted and executed by the Latin patriarch in Palestine in the coming years.
In addition, his beatitude and Mr. Mohammad El-Masrji, chairman of the hospital and Mr. Aziz Abdel Jawad Chief Executive officer of the hospital, a subsidiary of the National Insurance Company signed a purchase agreement of the Dawoud mountain hospital land.
The Prime Minister Dr. Fayyad appraised the vital role that the Latin patriarch plays for developing the country in all different sectors. His beatitude stressed the importance of executing development projects in Palestine especially in Bethlehem city to serve pilgrims.
His beatitude mentioned that this agreement shows the mutual cooperation between Bank of Palestine and the Latin Patriarch for developing and improving our country, the holy and peaceful land.
Mr. Hashim Shawa, Chairman and General Manager of Bank of Palestine, appraised this historic agreement. Mr. Shawa said that the projects which will be executed and funded will improve the economic development by creating new job opportunities for different ages of the society.
Mr. Shawa, clarified that this agreement coincides with the bank celebration of the Golden Jubilee under the slogan “50 YEARS OF BUILDING” to show bank’s interest in country development since its establishment.
Mr. Shawa thanked the Prime Minister, Dr. Sallam Fayyad, for his support as this is part of his vision to build civil institutions which will be the base for our country.