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MESC Secures SAR 250 Million Credit Facility from Alinma Bank
The expanded credit line provides additional liquidity for operational needs. This financing move aims to strengthen the capital structure of 1150.SR.
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Middle East Specialized Cables Co. (MESC) has officially expanded its existing credit facility agreement with Alinma Bank. The company announced that it signed an addendum to the original contract, raising the total value of the financing to SAR 250 million.
According to a filing on the Saudi Exchange (Tadawul), the updated agreement is designed to provide the company with additional liquidity to support its ongoing operational requirements. The financing, which is secured by a promissory note, aims to strengthen MESC’s capital structure and facilitate its current business activities. The company confirmed that the facility remains subject to the terms and conditions outlined in the original agreement with the bank.
How this story was producedLast reviewed Apr 5, 2026
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.
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