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 Bank, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Wednesday.

Under the deal, the installment of the SAR 268.9 million credit facility will be extended to 28 November instead of 31 October.

In December 2018, MESC signed a debt-restructuring agreement with a six-bank consortium.