| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Co. (MESC) Announces the signing of a short-term working capital facility agreement (Shariah-complaint) with Saudi EXIM Bank. This agreement replaces the previous agreement dated 2021-02-02 Corresponding to 1442-06-20 with Saudi Industrial Development Fund, an operating arm of the Saudi EXIM Bank to enhance the company’s interest to expand exports. |
| Date of obtaining the funding | 2021-04-07 Corresponding to 1442-08-25 |
| Financing entity | Saudi Export-Import Bank |
| Financing amount. | SR 50 million |
| Financing duration. | One Year |
| Guarantees offered for the financing | Promissory notes with amounts equal to the full facility. |
| Financing objective | cover the working capital needs for the exporting activities. |
| Related Parties | There are no related parties involved in this agreement |
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