MESC secures SAR 70M credit facility from Emirates NBD

28/03/2024 Argaam

MESC secures SAR 70M credit facility from Emirates NBD

Logo of Middle East Specialized Cables Co. (MESC)

Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 70 million with Emirates NBD KSA, according to a statement to Tadawul today, March 28.

 
The facility, which runs for one calendar year, will go for financing the company's working capital, it added.
 
The facility is guaranteed by a promissory note with the loan's entire value, said MESC, adding that there are no related parties.

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