MESC receives court order on seizure of MESC-Jordan's assets

06/10/2019 Argaam

 

Middle East Specialized Cables Co. (MESC) has received a Jordanian court order on seizing the movable and immovable properties of MESC-Jordan, the company said in a bourse statement.

 

The cable manufacturer said a sum of SAR 11.91 million was due from the commercial dealings with the Jordanian firm.

 

The required regulatory procedures were taken according to the court order, MESC added, expecting no financial impact at present.

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