MESC inks SAR 50m deal with Saudi finance ministry

Riyadh – Mubasher: The Middle East Specialised Cables Company (MESC) has signed a financing contract worth SAR 50 million with the Saudi Ministry of Finance (MoF) to finance the company’s working capital.

The financing period extends over 270 days, according to a bourse statement on Monday.

Moreover, the guarantees provided by MESC to receive the aforementioned financing is a waiver of contract dues that will be funded through the deal.

Mubasher Contribution Time: 29-Jun-2020 13:58 (GMT)
Mubasher Last Update Time: 29-Jun-2020 14:18 (GMT)