Middle East Specialized Cables Company (MESC) announced signing a syndicated loan agreement to restructure existing loans granted by The Housing Bank for Trade & Finance, Capital Bank of Jordan, Jordan Commercial Bank, and Jordan Kuwait Bank.

In its statement to the Amman Stock Exchange (ASE), MESC said that the cumulative total of existing loans amounted $94.6 million for 8 years.

The company’s capital is JOD 40 million distributed on 40 million shares, at par value of JOD 1 per share.