| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company (MESC) announces the Signing of Sharia Compliant Banking Facilities Agreement with SNB. |
| Date of obtaining the funding | 2025-01-12 Corresponding to 1446-07-12 |
| Financing entity | The Saudi National Bank |
| Financing amount. | SR 80 million |
| Financing duration. | 12 Months |
| Guarantees offered for the financing | a promissory Notes worth 110% of the total facility and assignment of insurance proceeds. |
| Financing objective | Financing the company working capital and issuance of different types of Bank guarantees. (Performance BG, Advance payment BG.) |
| Related Parties | Not applicable |
| Additional Information | Agreement dated on 17th Nov 2024 while the effective date of the facility activation took a place on 12th January 2025 |
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