Tawasul
Mubasher TV
Contact Us Advertising   العربية

MESC inks SAR 50m deal with Saudi finance ministry

MESC inks SAR 50m deal with Saudi finance ministry
The financing period extends over 270 days
MESC
2370
0.34% 8.93 0.03

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 days, according to a bourse statement on Monday.

Moreover, the guarantees provided by MESC to receive the aforementioned financing is a waiver of contract dues that will be funded through the deal.