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WHAT ARE THE REQUIREMENTS IN PROVING FINANCIAL CAPABILITY?


Theminimumfinancialrequirementforanentitytoparticipateinthe licencingroundincludethefollowing:


1.AverageannualturnoverofUS$200,000,000.00;

2.CashathandtothetuneofUS$200,000,000.00;

3.Letterofcreditfromareputablefinancialinstitutiontothetuneof

US$200,000,000.00;

4.AmarketcapitalizationofnotlessthanUS$2Billion;

5.BankGuaranteeto thetuneofUS$200,000,000.00;or

6.ParentCompanyGuaranteetothetuneofUS$200,000,000.00(for newlyincorporatedcompanies).


Creation date: 5/22/2024 4:33 PM (jide.i@maxfront.com)      Updated: 5/22/2024 4:33 PM ()
2024 MINI BID ROUND