Logo ofMiddle East Specialized Cables Co. (MESC)
Middle East Specialized Cables Co. (MESC) signed an addendum to the credit facilities agreement previously concluded with Alinma Bank, which includes raising the credit limit of the facilities granted to the company from SAR 150 million to SAR 250 million. 
In a statement to Tadawul, the company explained that it received the funding today, April 5, the term of which extends will Aug. 31, 2028.
It noted that a promissory note worth SAR 275 million was provided as a guarantee for the funding.
According to the company, the objective of the financing is to fund its working capital and the issuance of performance bank guarantees.
Additionally, the addendum is dated Feb. 17, 2026, while the effective date is April 5, 2026. There are no related parties involved in the deal.
Logo ofMiddle East Specialized Cables Co. (MESC)
Middle East Specialized Cables Co. (MESC) signed an addendum to the credit facilities agreement previously concluded with Alinma Bank, which includes raising the credit limit of the facilities granted to the company from SAR 150 million to SAR 250 million.
In a statement to Tadawul, the company explained that it received the funding today, April 5, the term of which extends will Aug. 31, 2028.
It noted that a promissory note worth SAR 275 million was provided as a guarantee for the funding.
According to the company, the objective of the financing is to fund its working capital and the issuance of performance bank guarantees.
Additionally, the addendum is dated Feb. 17, 2026, while the effective date is April 5, 2026. There are no related parties involved in the deal.
