Saudi cabler MESC renews $40M credit line with Al Rajhi Bank
What's the deal? Middle East Specialized Cables (MESC)Dealroom has a profile for this one. Try Dealroom → has renewed US$25.9M credit facility with Al Rajhi Bank, the Saudi cable maker announced in October 2026. The debt will fund daily working capital and the issuance of bank guarantees.
Why now? Renewing the facility keeps MESC's near-term liquidity in place, giving it room to meet operational costs and back contracts with guarantees. The move reflects the company's continued reliance on bank financing to run its core business.
What's the endgame? MESC manufactures specialised cables, a business that depends on steady working capital and the ability to post guarantees on orders. The renewed line keeps that machinery funded without tapping equity.
The signal: For a listed industrial name, a renewed bank facility is a routine but telling vote of confidence from a lender. It signals that MESC retains the financing access it needs to keep operating at scale.
Read more: article.wn.com
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