| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company (MESC) announces the Signing of Sharia Compliant Banking Facilities Agreement by its subsidiary Middle East Specialized Cables Company (MESC) L.L.C. with Mashreq Bank in UEA. |
| Date of obtaining the funding | 2026-12-08 Corresponding to 1448-06-28 |
| Financing entity | Mashreq Bank |
| Financing amount. | 91,000,000 UAE Dirhams |
| Financing duration. | Till 31-03-2026 |
| Guarantees offered for the financing | A promissory Notes valued at 91,000,000 UAE Dirhams and assignment of insurance proceeds. Mortgage on some of asset Factory & machinery to the extent of 20,000,000 UAE Dirhams. |
| Financing objective | To meet working capital requirements, finance procurement of raw materials, issuance of letters of credit and guarantees and secure CAPEX needs of the business. |
| Related Parties | N/A |
| Additional Information | Agreement dated on 2025-10-16 while the effective date of the facility activation took a place on 2025-12-09 |
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