MESC‘s Jordan affiliate to restructure SAR 355 million loans

13/10/2014 Argaam

Saudi Arabia’s Middle East Specialized Cables (MESC) said that its Jordanian affiliate, MESC Jordan, had signed agreements on October 12 with several Jordanian banks to restructure SAR 355 million loans rover an 8-year period against promissory notes, the company said in a statement to the Saudi bourse, Tadawul.

The banks include Jordan Housing Bank for Trade and Finance, Jordan Kuwait Bank, Jordan Commercial Bank and Jordan Finance Bank, it added

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