MESC names Falcom as financial advisor for its capital cut

24/07/2018 Argaam

 

Middle East Specialized Cables Co. (MESC) has named Falcom Financial Services as financial advisor for its capital cut, the company said in a statement on Tadawul on Tuesday.

 

On Monday, the company’s board of directors recommended a 33.4 percent capital reduction to SAR 399.64 million from SAR 600 million to offset accumulated losses, Argaam reported earlier.

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