Middle East Specialised Cables boosts credit facilities to $66.7m

07/04/2026 04:33 AST

Saudi-based Middle East Specialised Cables Company (MESC) has announced that it has signed an addendum to a credit facilities agreement with Al Inmaa Bank, thus increasing the total facility to SAR250 million ($66.7 million) from SAR150 million ($40 million).

The amended facility will run until August 31, 2028, said MESC in its filing to Saudi bourse Taadawul.

MESC said this financing will be used to support working capital requirements and to issue bank guarantees, including performance guarantees.

The company has provided promissory notes worth SAR275 million as collateral for the facilities.

The addendum was signed on February 17 with activation of the increased facility taking effect this month.


Trade Arabia

News

$57m syndicated loan shores up ME Specialised Cables/MESC-Jordan

17/05/2015

Several banks are extending a lifeline to the Middle East Specialised Cables Company/MESC-Jordan with a multimillion dinar syndicated loan.

The company, 49 per cent owned by Saudi Arabia's M

Jordan Times

MESC Announces Interim Financial Results for Period Ending 30/09/2012

18/10/2012

Middle East Specialized Cables Co. (MESC) announces interim financial results for the period ending 30/09/2012 as follows:

1. Net Profit during the third quarter amounts to SR 9.2 million ve

Tadawul

Saudi MESC eyes takeover of Saudi-Australian JV

05/10/2009

Saudi Arabia-based Middle East Specialized Cables Co (MESC) said it would seek approval for a capital hike to finance the takeover of United Transformers Electric Co (UTEC).

UTEC, an unlist

iii.co.uk

Most Viewed Companies

Ticker Price Volume

Valuation

MESC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
RIYADHCABLES 123.30 -1.70 (-1.36%)
ASTRAINDUSTRIAL 144.10 -1.20 (-0.83%)
ALBABTAIN 62.15 -2.20 (-3.42%)
SAUDICERAMICS 28.62 -0.32 (-1.11%)
BAWAN 44.62 -0.34 (-0.76%)

Recent News

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap