CAC issues new credit cards

Cooperative and Agricultural Credit Bank (CAC) singed a membership agreement in field of issuing gold, silver, and platinum credit cards with the American Express Company on Tuesday. Under the agreement singed by CAC Bank Chairman, Hafed Meayad, and the Director of Oman and the Middle East region of American Express, Omar al-Baiti, CAC Bank has the right to issue credit cards from the first class for VIPs. 

The Advisor of CAC Bank’s governor, Walid al-Dubae, considered the agreement a progressed step added to the achievements and developments have been done by the bank in the banking and crediting field.  He made reference that CAC Bank is the second Yemeni bank with joint membership with the American Express Company to issue credit cards. 

American Express was established in 1850 in New York City and was among the first and most successful express delivery businesses to arise during the rapid westward expansion of the United States.

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