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Adnoc Distribution inks deals to support investors in fuel tanker leasing service
- United Arab Emirates: Sunday, January 06 - 2013 at 05:07
Adnoc Distribution has signed two agreements with Union National Bank (UNK) and Abu Dhabi Commercial Bank (ADCB), under which the two banks will offer financing facilities to Emirati investors in the company's latest fuel tanker leasing service, Wam has reported. Under the recently launched service, Adnoc Distribution will lease tank trailers from individual Emirati investors under its community support initiative. As the two lenders extend loans to investors to purchase the fuel transport trucks, the company will bear the expenses of registration, insurance and maintenance during the contractual period.
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