“MESC” obtains bank facilities worth 80 million riyals

Middle East Specialized Cables Company announced that it has obtained bank facilities compatible with the provisions of Islamic Sharia from the Saudi National Bank worth 80 million riyals for a period of 12 months.

It explained in a statement on “Tadawul” that the purpose of the financing is to finance working capital and the bank guarantees are guarantees of good implementation and performance and guarantees of payments received in advance.