Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) increased its facility deal with Alinma Bank to SAR 250 million from SAR 150 million.
The financing agreement was guaranteed by promissory notes worth SAR 275 million, according to a bourse filing.
MESC signed the amended agreement on 5 April 2025 until 31 August 2028.
The company will finance its working capital and issue bank guarantees.
In January, the group extended its Sharia-compliant banking facility deal with Emirates NBD Bank.
