Middle East Specialized Cables Co. (MESC) has amended a debt-rescheduling agreement with a consortium of banks that includes Alawwal Bank, Arab National Bank, Banque Saudi Fransi, Riyad Bank and The Saudi British Bank, the company said in a bourse filing.
Under the agreement, the credit facility tenure will be extended until July 31, 2019, instead of Oct. 31, 2018.
A total of SAR 268.9 million will be rescheduled.
This agreement included no third parties. MESC will duly unveil the related positive impact.
In May, the company extended a sharia-compliant credit facility agreement with Alawwal Bank and other Saudi lenders. The credit facility tenure was extended from five years to seven years until December 31, 2019, Argaam previously reported.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}