MESC renews SAR 150M credit facility with Emirates NBD

MESC renewed a Shariah-compliant banking facility worth SAR 150 million with Emirates NBD

Middle East Specialized Cables Co. (MESC) signed today, Jan. 22, a deal with Emirates NBD to renew a Shariah-compliant banking facility worth SAR 150 million.

In a Tadawul statement, MESC said the facility runs until July 30, 2026, with the renewed amount exceeding the previous facility by SAR 70 million.

The financing is secured by a SAR 150 million promissory note and will be used to fund working capital and issue performance guarantees.

The agreement was dated Nov. 5, 2025, and became effective on Jan. 22.

According to Argaam data, MESC secured a one-year SAR 70 million Shariah-compliant credit facility from Emirates NBD Saudi Arabia in March 2024.