Riyadh – The Middle East Specialised Cables Company (MESC) has signed a financing contract worth SAR 50 million with the Saudi Ministry of Finance (MoF) to finance the company’s working capital.
The financing period extends over 270 days, according to a bourse statement on Monday.
Moreover, the guarantees provided by MESC to receive the aforementioned financing is a waiver of contract dues that will be funded through the deal.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
