Middle East Specialized Cables Co (MESC) News - Mubasher Info
Egypt
Mubasher TV
 Contact Us Advertising   العربية
Egypt
EGX Closed
24 May 08:01 PM

Middle East Specialized Cables Co (2370)

Last update: 21 May 03:14 PM market time.
32.12
-0.64
-1.95%
Open 32.74
Previous Close 32.76
High 32.90
Low 32.12
Stock Statistics
Volume 171,047
Turnover 5,543,553.44
All data are 15 minutes late during market session

News

Photo Archive
14 April 08:36 AM MESC obtains SAR 100m facility from SAB
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) penned a Shariah-compliant loan valued at SAR 100 million with Saudi Awwal Bank (SAB). Both sides inked the deal on 13 April 2026, and it is valid until 10 March 2027, according to a …
Banking and Finance
Photo Archive
6 April 10:29 AM MESC increases Alinma Bank’s financing agreement to SAR 250m
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 …
Banking and Finance
Photo Archive
25 January 08:17 AM Saudi MESC extends facility agreement with Emirates NBD
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) has renewed a Sharia-compliant banking facility deal with Emirates NBD Bank on 22 January 2026. Valued at SAR 150 million, the company will use the loan to finance its working …
Banking and Finance
Photo Archive
5 January 05:00 PM MESC obtains SAR 150m facility from Alinma Bank
Riyadh - Mubasher: Middle East Specialized Cables Company (MESC) has renewed a Sharia-compliant banking facility agreement with Alinma Bank, according to a bourse filing. Following the renewal, the funding increased by SAR 50 million to a total of …
Companies Investments
Photo Archive
10 December 2025 02:28 PM MESC obtains AED 91m financing from Mashreq Bank
Riyadh - Mubasher: Middle East Specialized Cables Company, a subsidiary of Middle East Specialized Cables Company (MESC), obtained Sharia-compliant banking facilities valued at AED 91 million from Mashreq Bank. The company secured a promissory …
Banking and Finance
Photo Archive
17 November 2025 11:36 AM MESC to pay SAR 20m cash dividends for H2-25
Riyadh - Mubasher: The board of Middle East Specialized Cables Company (MESC) decided to distribute cash dividends totaling SAR 20 million, representing 5% of the company’s SAR 400 million capital, for the second half (H2) of 2025. The …
Board of Directors
Photo Archive
7 July 2025 05:11 AM MESC Cable names new Chairman, Vice Chairman
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) appointed Yahya Ibrahim Al Qunaibit as the board’s Chairman for the next four years. Mohammed Abdulaziz Al Namlah was named as the Vice Chairman, according to a bourse filing. The …
Board of Directors
Photo Archive
24 April 2025 10:53 AM MESC obtains SAR 140m loan from Riyad Bank
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) penned a Sharia-compliant facility deal worth SAR 140 million with Riyad Bank on 23 April 2025. The loan is secured by promissory notes valued at SAR 148 million and assignment of …
Banking and Finance
Photo Archive
22 September 2024 10:28 AM MESC inks SAR 100m financing agreement with Alinma Bank
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) secured a Sharia-compliant facility agreement valued at SAR 100 million with Alinma Bank on 19 September 2024. MESC will utilise the loan to finance its working capital and issue …
Companies Investments
Photo Archive
2 June 2024 10:17 AM Saudi MESC awarded $60m joint project in UAE
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its subsidiary won a contract with a joint venture (JV)comprising the National Petroleum Company (NPCC) and SAIPEM in the UAE. MESC - Ras AlKhaimah UAE will supply a …
Companies Investments
Photo Archive
29 April 2024 01:09 PM Al Rajhi Bank unveils 6% higher profits in Q1-24, facility deal with MESC
Riyadh – Mubasher: Al Rajhi Bank registered SAR 4.40 billion in net profit during the first quarter (Q1) of 2024, higher by 6.27% than SAR 4.14 billion in Q1-23. The clients’ deposits stood at SAR 603.97 billion as of 31 March 2024, an annual rise …
Banking and Finance
Photo Archive
5 November 2023 01:47 PM Saudi MESC turns profitable at over SAR 38m in 9M-23; accumulated losses unveiled
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) swung to net profits after Zakat and tax of SAR 38.40 million in the first nine months (9M) of 2023, compared with a net loss of SAR 11.50 million in 9M-22. Earnings per share (EPS) …
Financial Results
Photo Archive
4 July 2022 05:03 PM Saudi MESC appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has named Yahiya Ibrahim Al Qunaibit as the new Chairman of the board for the next three years. Moreover, the listed firm appointed Saad Amash Al Shammari as the Vice Chairman, …
Board of Directors
Photo Archive
5 April 2022 04:07 PM Saudi MESC appoints new CEO
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has appointed Fadhil Fawzan Alsaadi as the new CEO of the company. Alsaadi has officially assumed the position on 5 April this year, according to a bourse disclosure on Tuesday. The …
Corporate Actions
Photo Archive
3 November 2021 04:45 PM Saudi MESC turns to losses in Q3, nine months
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) suffered a net loss after Zakat and tax worth SAR 9.1 million during the third quarter (Q3) of 2021, versus profits of SAR 4.3 million in Q3-20. Revenues inched down 0.14% to SAR …
Financial Results
Almugbel will resign from MESC due to his personal circumstance
29 September 2021 02:58 PM Middle East Specialized Cables' CEO resigns
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has announced the resignation of Fawwaz Mubarak Almugbel from his position as group CEO, effective from 2 December 2021. Almugbel will resign from MESC due to his personal …
Management Decisions
The earnings per share stood at SAR 0.09 in H1-21
5 September 2021 11:19 AM MESC turns profitable in H1-21; accumulated losses hit SAR 64m
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) achieved net profits after Zakat and tax worth SAR 3.5 million during the first half (H1) of 2021, against losses of SAR 1.2 million in H1-20. The earnings per share stood at SAR …
Financial Results
Trading will be resumed for 20 trading sessions starting from Tuesday
23 August 2021 10:23 AM Tadawul halts trading on Al Sagr Cooperative Insurance, MESC
Riyadh – Mubasher: The Saudi Exchange (Tadawul) has suspended trading on the shares of Al Sagr Cooperative Insurance Co. and Middle East Specialized Cables Co. (MESC) for one trading session on Monday, 23 August, for not disclosing their financial …
Markets Regulations
Photo Archive
22 February 2021 08:26 AM Amman Court requests executive seizure of MESC Jordan’s funds
Riyadh – Mubasher: The Middle East Specialised Cables Company (MESC) said a procedural request was issued by the Amman Court of First Instance to convert the precautionary seizure into an executive seizure of the funds belonging to the convicted …
Corporate Actions
Photo Archive
2 February 2021 03:03 PM MESC obtains SAR 50m loan from SIDF
Riyadh – Mubasher: The Middle East Specialised Cables Company (MESC) announced the signing of a financing agreement with the Saudi Industrial Development Fund (SIDF), the operating arm of the Saudi EXIM Bank. Valued at SAR 50 million, the two-year …
Banking and Finance
The current round of the board started on 2 July 2019
24 December 2020 11:36 AM MESC appoints new chairman, vice-chairman
Riyadh – Mubasher: The board of Middle East Specialised Cables Company (MESC) has named Yahya bin Ibrahim Al Qinaibit the company's Chairman starting on 1 January 2021. The board has also appointed Saad Ammash Saad Al Shammari as a Vice-Chairman, …
Board of Directors
The financing period extends over 270 days
29 June 2020 03:58 PM 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 …
Companies Investments
Accumulated loss reached SAR 70m
30 October 2019 06:14 PM MESC’s loss drops over 97% YoY in Q3-19
Riyadh – Mubasher: Middle East Specialised Cables Company (MESC) has reported a 97.62% year-on-year loss decline during the third quarter of 2019. The company’s loss dropped to SAR 200,000 in Q3-19, compared to SAR 8.4 million in the year-ago …
Financial Results
MESC amended SAR 268.9 million debt-restructuring deal with banks
30 October 2019 00:02 PM MESC amends debt-restructuring deal with banks
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has amended today a debt-rescheduling agreement with a consortium of banks. Those banks are Saudi British Bank (SABB), Arab National Bank (ANB), Banque Saudi Fransi (BSF), and Riyad …
Banking and Finance
Net losses after zakat and tax fell by 76.28% to SAR 6 million in Q2-19
19 August 2019 04:21 PM MESC cuts Q1 losses by 76%
Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) disclosed its interim financial results for the second quarter of 2019. Net losses after zakat and tax fell by 76.28% to SAR 6 million in Q2-19, compared to SAR 25.3 million in …
Financial Results