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MESC Unit Secures AED234 Million Facility from First Abu Dhabi Bank
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09:55 AM EST, 11/05/2026 (MT Newswires) -- Middle East Specialized Cables Co. (SASE:2370) subsidiary MESC LLC-O.P.C. finalized a 234 million-Emirati-dirham banking facility agreement with First Abu Dhabi Bank. The facility comprises a 180-day working capital loan and a five-year term loan, the industrial cable maker said Thursday. Proceeds will be used for raw material procurement, credit and guarantee issuances, invoice discounting, commodity hedging, as well as plant and machinery costs.
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