Element List	Explanation
Introduction	Middle East Specialized Cables Company (MESC) announces the Signing of Sharia Compliant Banking Facilities Agreement by its subsidiary Middle East Specialized Cables Company (MESC) L.L.C. with Mashreq Bank in UEA.
Date of obtaining the funding	2026-12-08 Corresponding to 1448-06-28
Financing entity	Mashreq Bank
Financing amount.	91,000,000 UAE Dirhams
Financing duration.	Till 31-03-2026
Guarantees offered for the financing	A promissory Notes valued at 91,000,000 UAE Dirhams and assignment of insurance proceeds. Mortgage on some of asset Factory & machinery to the extent of 20,000,000 UAE Dirhams.
Financing objective	To meet working capital requirements, finance procurement of raw materials, issuance of letters of credit and guarantees and secure CAPEX needs of the business.
Related Parties	N/A
Additional Information	Agreement dated on 2025-10-16 while the effective date of the facility activation took a place on 2025-12-09