Middle East Specialized Cables Co. Announces Obtaining a Renewal of Sharia compliant banking facilities agreement | premargin

Middle East Specialized Cables Co. Announces Obtaining a Renewal of Sharia compliant banking facilities agreement

TadawulJanuary 5, 2026View on exchange

Element List	Explanation
Introduction	Middle East Specialized Cables Company (MESC) announces the renewal of a bank facilities agreement, complaint with Islamic Sharia with Al-Inmaa Bank.
Date of obtaining the funding	2026-01-05 Corresponding to 1447-07-16
Financing entity	Al-Inmaa Bank
Financing amount.	150,000,000 Saudi Riyals
Financing duration.	Till 31-08-2028
Guarantees offered for the financing	A promissory Notes valued at 165,000,000 Saudi Riyals.
Financing objective	Financing the company working capital and issuance of Bank guarantees. (Performance Bank Guarantee)
Related Parties	N/A
Additional Information	Agreement dated on 05-10-2025 while the effective date of the facility activation took a place on 05-01-2026 The renewed facility has been increased from the previous one by 50,000,000 Saudi Riyals.