Middle East Specialized Cables Co (2370)

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News

11 June 04:24 PM MESC approves interim dividend authorization, financial results

Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has announced the successful conclusion of its second Ordinary General Assembly meeting, where shareholders ratified several key financial and administrative resolutions. Held on 9 …

Company News

7 June 03:29 PM MESC’s subsidiary awarded $46.6m project contract in UAE

Riyadh - Mubasher: MESC-Ras Al Khaimah, a unit of Middle East Specialized Cables Company (MESC), was awarded a project contract from Cunado Middle East for Pipes and Valves in the UAE. The total value of the project is estimated at nearly $46.60 …

Companies Investments

14 April 09:36 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 …

Company News

6 April 11:29 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 …

Financial Results

25 January 09:17 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

5 January 06:00 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 …

Sukuk and Islamic Finance

10 December 2025 03:28 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 …

Companies Investments

17 November 2025 00:36 PM 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

7 July 2025 06:11 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 …

Corporate Actions

24 April 2025 11:53 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

22 September 2024 11:28 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

2 June 2024 11:17 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

29 April 2024 02:09 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

5 November 2023 02:47 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

4 July 2022 06:03 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, …

Corporate Actions

5 April 2022 05:07 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

3 November 2021 05:45 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

29 September 2021 03:58 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

5 September 2021 00:19 PM 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

23 August 2021 11:23 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 …

Trading Activities

22 February 2021 09:26 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

2 February 2021 04:03 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 …

Companies Investments

24 December 2020 00:36 PM 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

29 June 2020 04:58 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 …

Banking and Finance

30 October 2019 07:14 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