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Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB).
Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a bourse filing.
MESC will use the loan to finance its working capital and issue bank guarantees.
Meanwhile, the facility deal is secured by promissory notes valued at SAR 103.29 million.
Earlier this month, MESC increased its facility deal with Alinma Bank to SAR 250 million from SAR 150 million.
Source:
Mubasher
