MESC Renews SR 150 Million Facility with Emirates NBD

MESC +9.98%

MESC

2370.SA

28.00

+9.98%

Middle East Specialized Cables Company (MESC) announced on January 22, 2026, the renewal of a Sharia-compliant banking facilities agreement with Emirates NBD Bank valued at SR 150 million, an increase of SR 70 million from the previous facility. The financing, which will run until July 30, 2026, is secured by promissory notes worth SR 150 million and will be used to finance the company's working capital and issue performance bank guarantees. While the agreement was dated November 5, 2025, the facility activation took effect on January 22, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92775&anCat=1&cs=2370&locale=ar

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