Saudi's MESC Unit Secures AED91 Million Banking Facility

10:18 AM EST, 12/09/2025 (MT Newswires) -- Middle East Specialized Cables (SASE:2370), d/b/a MESC, subsidiary Middle East Specialized Cables Co. LLC signed a 91 million-Emirati-dirham banking facility agreement with Mashreq Bank. The contract took effect on Tuesday and is valid until March 31, 2026, according to a same-day filing. The Saudi Arabian industrial cable manufacturer's unit intends to use the loan for working capital requirements, raw materials purchase, credit and guarantee transactions, as well as other capital expenditures.