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MESC Flags Possible Production Cost Impact from Upcoming Energy, Water Price Hikes

MT Newswires·10/26/2026 10:37:51
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10:37 AM EDT, 10/26/2026 (MT Newswires) -- Middle East Specialized Cables Co (SASE:2370), d/b/a MESC, expects higher energy and water prices in Saudi Arabia, effective Jan. 1, 2027, to potentially affect its production costs. The Saudi Arabian industrial cable maker said Monday the tariff adjustments were made in line with Saudi Arabian governance procedures for energy and water product prices. MESC said it will disclose any material impact on its financial statements later.