(MENAFN- Saudi Press Agency) Middle East Specialized Cables Company (MESC) announced that it has signed financing agreements on rescheduling SR 530 million loans for 6 years with a number of local banks.
The company said in a statement today that its General Assembly approved rescheduling of the Company's loans from short to long terms, noting that it signed the agreements here yesterday with Saudi French Bank, Riyad Bank, Saudi British Bank, Al-Rajhi Bank, National Arab Bank, and Saudi Hollandi Bank.
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