SNS To Sign Contracts With 9 Institutions Worth EGP 3 Mln

The Security and Network Services (SNS) Company will be signing a contract with 9 private institutions with EGP 3 million by the beginning of 2013. 

Eng. Amr Ragaay, the Executive Director of SNS Company, pointed out that the company will sign a contract with two banks, 7 securities firms worth EGP 3 million by the beginning of the next year, explaining that the SNS company was seeking to sign the contract before the end of this year but it was postponed upon the customers’ desires.

 Moreover, Eng. Ragaay, noted that the company is currently deal with about 20 private, governmental institutions and 30,000 Customers. 
He also said SNS is targeting having 100,000 customers within 2013 alongside putting the Egyptian Financial Supervisory Authority (EFSA) and the Central Bank’s decrees into effect in regard to generalizing the using of E-Signature mechanism among all securities firms and banks.