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

Middle East Specialized Cables unit wins $46.6m contract from Cunado

09/06/2026

Middle East Specialized Cables Company (MESC) has announced that its wholly-owned subsidiary Middle East Specialized Cables (MESC-Ras Al Khaimah UAE) has received a contract from Cunado Middle East f

Trade Arabia

$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

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 107.20 4.20 (4.07%)
ASTRAINDUSTRIAL 124.50 -1.00 (-0.80%)
ALBABTAIN 55.05 -0.40 (-0.73%)
GAS 15.87 0.05 (0.31%)
SAUDICERAMICS 22.22 0.29 (1.32%)

Recent News

Vodafone Qatar, almeera launch two-way loyalty points conversion

07/10/2026

Vodafone Qatar and Al Meera Consumer Goods Company (almeera) have announced a new strategic partnership bringing together their loyalty programmes, iPoints and wafa, to give customers greater flexibi

Gulf Times

Edaa, AlRayan Bank sign pact to issue national investor number

07/10/2026

Qatar Central Securities Depository (Edaa) signed a co-operation agreement with AlRayan Bank, making it the first bank in Qatar to enable its customers to apply for a National Investor Number and upd

QNA

QNB Group named 'Qatar's Best FX Bank' at Euromoney Foreign Exchange Awards 2026

07/10/2026

QNB Group named 'Qatar's Best FX Bank' at Euromoney Foreign Exchange Awards 2026

QNB Group has been named 'Qatar's Best FX Bank' at the Euromoney Foreign Exchange Awards 2026, recognising th

Gulf Times

Al Suwadi, Al Batinah Power advance refinancing, merger

07/10/2026

Two Omani independent power producers, Al Suwadi Power Company and Al Batinah Power Company, have applied to the Authority for Public Services Regulation (APSR) for preliminary consent to refinance t

Muscat Daily

DIB, Expo City Dubai partner to advance off-plan home financing

07/10/2026

DIB, the largest Islamic bank in UAE, has entered into a strategic partnership with Expo City Dubai to offer eligible buyers home financing for properties under construction within Expo City Dubai.

Trade Arabia