MESC Secures SAR 150M Sharia-Compliant Financing Boost with Alinma Bank

Editorial Team

Last updated 6-01-2026

2 min

Middle East Specialized Cables Company renews a Sharia-compliant facility with Alinma Bank.

The agreement boosts available funding to SAR 150 million, improving cash flow for projects.

The facility supports working-capital needs and extends until August 2028.

MESC's recent financing includes an AED 91 million facility from Mashreq Bank in late 2025.

The new facility reflects lender confidence and suggests ongoing demand for specialized cables.

Middle East Specialized Cables Company has secured a fresh boost to its finances after renewing a Sharia-compliant facility with Alinma Bank. The agreement, shared through a bourse filing, raises the company’s available funding to SAR 150 million, marking a SAR 50 million jump from its previous level. It’s not hard to see why this matters; cash flow for manufacturers can be a bit of a faff, especially when big projects demand quick turnarounds.

The company said the updated facility will help cover working-capital needs and support the issuance of performance bank guarantees. Effective from early January 2026, the arrangement runs until the end of August 2028 and is backed by promissory notes valued at SAR 165 million. A fairly standard structure, though I reckon the longer timeline gives MESC a bit more room to breathe.

What caught my eye—probably because we often talk about cross-border financing here at Arageek—is that this move follows another facility they landed late last year. In December 2025, the firm’s UAE subsidiary secured AED 91 million in Sharia-compliant financing from Mashreq Bank. On the flip side, juggling multiple facilities across markets can get messy if not handled well… I mean, we’ve all seen companies overextend themselves before. But here, the staggered terms suggest a calculated approach rather than a scramble for cash.

And believe it or not, this kind of steady financing activity tends to fly under the radar, even though it often tells you more about a company’s momentum than the flashy headlines. I remember chatting with a young founder at a MENA startup event who told me that getting stable banking support felt “spot on more useful than half the pitch competitions.” He wasn’t wrong.

For MESC, the new facility signals confidence from lenders and hints at ongoing demand for its specialised cables. If the regional construction and infrastructure sectors keep pushing ahead, this funding may well prove crucial—even if it does look, at first glance, like just another line in a financial statement. And yes, before anyone points it out, I definately get a bit nerdy about these details, but you know? Sometimes the small moves say the most.

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