Middle East Specialized Cables Co (2370)

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) …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: The general assembly of Middle East Specialized Cables Company (MESC) has agreed on electing a new board of directors for the coming three years during a meeting held on Tuesday, 2 June. The general assembly has appointed Abdul …

The company works on restructuring total debts of SAR 268.9 million

Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) on Monday announced that its extraordinary general meeting (EGM) haD approved reducing its capital in a bid to offset accumulated losses. The company will cut its capital by 33.3% to …

Riyadh – Mubasher: Middle East Specialized Cables (MESC) turned to profits in the first quarter of 2017. Net profits amounted to SAR 3.86 million in Q1-17, against net losses of SAR 5.08 million in Q1-16, according to a bourse filing on Tuesday. …

Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) announced that its accumulated losses reached SAR 175 million, representing 29% of capital. The company attributed the losses to its stake in the losses of its Jordon’s subsidiary …

By: Thabet Shehata Riyadh – Mubasher: The Saudi building and construction sector witnessed a decrease in its net profits in the second quarter of 2016. Net profits fell 7.4% year-on-year to SAR 347.85 million ($92.76 million) in Q2-16 from SAR …

Riyadh-Mubasher: Middle East Specialized Cables Co. (MESC) signed on Monday an agreement to sell 29.1% or 11.3 million shares of its stake in MESC Jordan to Ahmed Al-Sallakh, vice chairman of the Jordanian company. Accordingly, MESC's equity will …

By: Mohamed Idris Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) will resume trading today at the Saudi Stock Exchange (Tadawul) after being halted for four sessions. The Saudi Capital Market Authority (CMA) earlier suspended …

Riyadh-Mubasher: The Saudi Capital Market Authority (CMA) announced that Middle East Specialized Cables (MESC) will resume trading starting from 28 January after it has been suspended since 21 January. MESC has not announced its preliminary …

Riyadh-Mubasher: Middle East Specialized Cables (MESC) posted net losses of SAR 57.3 million in the fourth quarter of 2015, a 905% surge from SAR 5.7 million reported in the same period a year earlier, according to a bourse filing on Wednesday. …

Riyadh-Mubasher: Middle East Specialized Cables (MESC) said it failed to release its financial statements for the fourth quarter of 2015. The company pointed out that it has not completed the auditing of its Jordanian subsidiary’s financials.