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Middle East Specialized Cables Company announces securing credit facilities (in compliance with Islamic Sharia)
2370
MESC
0.65
%
1445/09/18 28/03/2024 16:05:36
| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company (MESC) is pleased to announce to its valued shareholders securing credit facilities (in compliance with Islamic Sharia) with Emirates NBD KSA Bank to finance its working capital. |
| Date of obtaining the funding | 2024-03-28 Corresponding to 1445-09-18 |
| Financing entity | Emirates NBD KSA bank |
| Financing amount. | SR 70 million |
| Financing duration. | One year |
| Guarantees offered for the financing | Promissory note for full facility value |
| Financing objective | Finance the working capital |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Key Parameters
Last Price 30.95
Net Change 0.2 (+0.65%)
Value Traded (Sar) 42,794,223.4
Volume Traded 1,343,515
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