ZAWYA-SNG: Saudi MESC extends facility agreement with Emirates NBD
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Middle East Specialized Cables Company (MESC) has renewed a Sharia-compliant banking facility agreement with Emirates NBD Bank, valued at SAR 150 million, to finance working capital and issue bank guarantees. The facility, increased by SAR 70 million from the previous agreement, is secured by promissory notes and valid until 30 July 2026. Earlier, MESC also increased its funding from Alinma Bank by SAR 50 million to a total of SAR 150 million.
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