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Middle East Specialized Cables

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uuid0004urg

Namestring
Middle East Specialized Cables
Legal namestring
Middle East Specialized Cables Company (MESC)
Websiteurl
mesccables.com
Company typeenum
Public
Founded yearint
1993
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
specialized cable manufacturing, power and control cables, fire resistant cables, solar PV cables, industrial wire solutions
Industry6 codes
1Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable)
CodeIMAGAEACPrimaryYes
2Industrial Power Cable (MV/HV)
CodeIMADAMABPrimaryNo
3Control, Instrumentation & Automation Cable
CodeIMADAMACPrimaryNo
4Hazardous-Location, Marine & Harsh-Environment Cable
CodeIMADAMAOPrimaryNo
5Coaxial, RF & Specialty Signal Cable
CodeIMADAMAEPrimaryNo
6Overhead Conductors & Transmission Cable
CodeIMADAMAHPrimaryNo
NAICS code3 codes
  • Communication and Energy Wire and Cable Manufacturing33592
  • Other Communication and Energy Wire Manufacturing335929
  • Electrical Equipment Manufacturing33531
SIC code2 codes
  • Electronic & Other Electrical Equipment (No Computer Equip)3600
  • Electrical Industrial Apparatus3620
Product category
Specialized Cable Manufacturing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Cable Manufacturing and Sales
TypeHardware Sales
Description

MESC manufactures and supplies premium cables to diverse sectors including oil & gas, petrochemical, industrial, commercial, railway, automotive, military, and renewable energy. Revenue is generated through product sales of specialized cables and wire solutions.

mesccables.com
Marketing channels9 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Middle East Specialized Cables Company (MESC) is a manufacturer and supplier of specialized cables and wires serving oil & gas, petrochemical, industrial, commercial, railway, automotive, military, and renewable energy sectors. The company produces 13 product categories including instrumentation and process cables, power and control cables, fire resistant cables, solar PV wires, fieldbus cables, cathodic protection cables, low current and communication cables, data and signal cables, building wire, flexible cables, irrigation cables, bare copper conductors, and PVC compounds from manufacturing facilities in Saudi Arabia and the UAE.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Over 30 years of specialized cable manufacturing experience supporting regional and global projects
+1 more record
Product overview1 text field

Middle East Specialized Cables Company (MESC) is a comprehensive cable manufacturing company offering a diverse portfolio of specialized cable products across 13 major product categories. The product lineup includes Instrumentation & Process Cables, Power & Control Cables, Fieldbus Cables, Fire Cables (including the LPCB-approved MESC PYRO FP 200), Solar Cables for PV applications, Cathodic Protection Cables, Low Current & Communication Cables, Data & Signals Cables, Building Wire, Flexible Cables, Irrigation Cables, Bare Copper conductors, and PVC compounds. The company also manufactures specialty cables for specific industrial applications like offshore platforms, petrochemical plants, and renewable energy projects. MESC operates state-of-the-art manufacturing facilities in Saudi Arabia and the UAE, producing cables that serve sectors including Oil & Gas, Petrochemical, Industrial, Commercial, Railway, Automotive, Military, and Renewable Energy.

Product and service14 records
1Instrumentation & Process Cables
CategorySpecialized Cables
Description

Wide range of instrumentation and process cables for applications in industries where manufacturing and processing operations are controlled and measured by electronic and digital means, including fire resistant variants for special requirements.

2Power & Control Cables
CategorySpecialized Cables
Description

Single-core and multi-core power and control cables for indoor and outdoor applications in power and petrochemical plants, utility buildings, and electrical equipment with flame retardant properties.

3Fieldbus Cables
CategorySpecialized Cables
Description

Fieldbus cables used in measurement and control systems for connecting field devices with the center, enabling communication between input devices like sensors and output devices like valves.

4Fire Cables
CategorySpecialized Cables
Description

Fire cables for essential circuits requiring operation in the event of a fire, including fire-fighting equipment, fire alarm systems, ventilation and smoke exhaust systems.

5Solar Cables - PV Wires
CategoryRenewable Energy Cables
Description

Solar cables for photovoltaic applications used in solar panel wiring, meeting BSEN 50618 / IEC 62930 requirements with TUV approval.

6Cathodic Protection Cables - CP
CategorySpecialized Cables
Description

Specialized electrical cables designed for cathodic protection systems, preventing or minimizing corrosion of metal structures including pipelines, storage tanks, and marine vessels.

7Low Current & Communication Cables
CategoryCommunication Cables
Description

Cables designed for transmitting signals, data, and information in applications requiring minimal power consumption, including coaxial cables, twisted pair cables, and Ethernet cables.

8Data & Signals Cables
CategoryCommunication Cables
Description

Low-voltage communication cables for transmitting data and information, including coaxial cables, data and ethernet cables, and twisted pair cables with screened and unscreened variants.

9Building Wire - Single Core
CategoryBuilding Wire
Description

Single-core cables for power and lighting circuits, building wiring, switchgear, and control gear, designed for open installation ducts, embedded conduits, and exposed conduits.

10Flexible Cables
CategoryFlexible Cables
Description

Light-duty flexible cables for domestic applications, offices, and various electrical appliances for connecting devices and lighting applications.

11Irrigation Cables
CategorySpecialized Cables
Description

Single conductor UF wire for direct burial applications in commercial sprinkler and irrigation systems, golf courses, public parks, and plantations.

12Bare Copper
CategoryRaw Materials
Description

Uncoated copper wire for electrical applications including grounding wires, electrical systems, power transmission lines, and communication systems with high conductivity properties.

13PVC - Polyvinyl Chloride Compounds
CategoryRaw Materials
Description

Premium insulation and sheathing PVC compounds for wire and cable insulation and sheathing applications, conforming to international standards and ROHS compliance with UL-listed grades.

14MESC PYRO FP 200
CategoryFire Resistant Cables
Description

LPCB approved fire resistant cable for critical fire alarm and emergency circuit applications requiring operation during fire events.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global cable manufacturer with strong energy infrastructure presence including oil & gas umbilicals and power cables. Active in Middle East projects alongside MESC and brings deep R&D and product breadth.

TypeDirect peer
Description

UAE-based cable manufacturer with plants in Dubai and Abu Dhabi producing LV/MV power cables, instrumentation, and specialty cables for oil & gas and infrastructure. Operates in MESC's home market with comparable product portfolio and customer base.

TypeBroad incumbent
Description

One of North America's largest wire and cable producers with a growing Middle East commercial presence. Competes with MESC in building wire, utility, and renewable energy cable categories across international tenders.

TypeBroad incumbent
Description

Egyptian-listed integrated cables and electrical solutions provider with deep MENA presence. Competes with MESC on power cables and turnkey electrical projects across the GCC, but operates at significantly larger scale and broader product scope.

TypeBroad incumbent
Description

Korean global cable manufacturer with extensive MV/HV and submarine cable capability. Competes for large Middle East infrastructure and oil & gas projects where MESC also bids, particularly on HV and specialty cable scope.

TypeBroad incumbent
Description

World's largest cable manufacturer with full-spectrum LV/MV/HV, submarine, and specialty cable offerings. Competes with MESC in Middle East tenders and sets the global benchmark for technology and scale.

TypeDirect peer
Description

UAE-based manufacturer of LV/MV power cables, building wires, and specialty cables operating out of Sharjah. Regional peer competing for GCC infrastructure and industrial contracts with product lines similar to MESC.

TypeDirect peer
Description

Saudi manufacturer of low, medium, and high-voltage power cables, instrumentation, and fire-resistant cables. Direct domestic rival competing for the same Saudi mega-project awards and oil & gas tenders as MESC.

TypeDirect peer
Description

Saudi-based manufacturer of power, control, and instrumentation cables serving the same oil & gas, petrochemical, and infrastructure customers as MESC. Closest direct domestic competitor with overlapping product range and a similar KSA-centric giga-project pipeline.

TypeDirect peer
Description

Saudi-based power and specialty cable manufacturer supplying oil & gas, utilities, and industrial customers. Direct competitor in the Saudi cable market with overlapping customer base in the Western Province.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment8 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance10 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Middle East Specialized Cables

Specialized Cable Manufacturingmesccables.com

Middle East Specialized Cables firmographics

Firmographics
Name
Middle East Specialized Cables
Legal name
Middle East Specialized Cables Company (MESC)
Website
https://mesccables.com
Company type
Public
Founded year
1993
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Middle East Specialized Cables industry classification

Industry
Product category
Specialized Cable Manufacturing
NAICS
Communication and Energy Wire and Cable Manufacturing (33592), Other Communication and Energy Wire Manufacturing (335929), Electrical Equipment Manufacturing (33531)
SIC
Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)
akta.pro primary industry
Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable) (IMAGAEAC)
akta.pro secondary industries
Industrial Power Cable (MV/HV) (IMADAMAB), Control, Instrumentation & Automation Cable (IMADAMAC), Hazardous-Location, Marine & Harsh-Environment Cable (IMADAMAO), Coaxial, RF & Specialty Signal Cable (IMADAMAE), Overhead Conductors & Transmission Cable (IMADAMAH)

Keywords

  • Specialized cable manufacturing
  • Power and control cables
  • Fire resistant cables
  • Solar PV cables
  • Industrial wire solutions

Where Middle East Specialized Cables is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices6 records

Markets served

Middle East Specialized Cables business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Cable Manufacturing and Sales: MESC manufactures and supplies premium cables to diverse sectors including oil & gas, petrochemical, industrial, commercial, railway, automotive, military, and renewable energy. Revenue is generated through product sales of specialized cables and wire solutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels9 records

Middle East Specialized Cables product offering

Product offering

Core offering

Middle East Specialized Cables Company (MESC) is a manufacturer and supplier of specialized cables and wires serving oil & gas, petrochemical, industrial, commercial, railway, automotive, military, and renewable energy sectors. The company produces 13 product categories including instrumentation and process cables, power and control cables, fire resistant cables, solar PV wires, fieldbus cables, cathodic protection cables, low current and communication cables, data and signal cables, building wire, flexible cables, irrigation cables, bare copper conductors, and PVC compounds from manufacturing facilities in Saudi Arabia and the UAE.

Product overview

Middle East Specialized Cables Company (MESC) is a comprehensive cable manufacturing company offering a diverse portfolio of specialized cable products across 13 major product categories. The product lineup includes Instrumentation & Process Cables, Power & Control Cables, Fieldbus Cables, Fire Cables (including the LPCB-approved MESC PYRO FP 200), Solar Cables for PV applications, Cathodic Protection Cables, Low Current & Communication Cables, Data & Signals Cables, Building Wire, Flexible Cables, Irrigation Cables, Bare Copper conductors, and PVC compounds. The company also manufactures specialty cables for specific industrial applications like offshore platforms, petrochemical plants, and renewable energy projects. MESC operates state-of-the-art manufacturing facilities in Saudi Arabia and the UAE, producing cables that serve sectors including Oil & Gas, Petrochemical, Industrial, Commercial, Railway, Automotive, Military, and Renewable Energy.

Differentiator

Problem solved

Functional benefit

Products and services

  • Instrumentation & Process Cables Wide range of instrumentation and process cables for applications in industries where manufacturing and processing operations are controlled and measured by electronic and digital means, including fire resistant variants for special requirements.
  • Power & Control Cables Single-core and multi-core power and control cables for indoor and outdoor applications in power and petrochemical plants, utility buildings, and electrical equipment with flame retardant properties.
  • Fieldbus Cables Fieldbus cables used in measurement and control systems for connecting field devices with the center, enabling communication between input devices like sensors and output devices like valves.
  • Fire Cables Fire cables for essential circuits requiring operation in the event of a fire, including fire-fighting equipment, fire alarm systems, ventilation and smoke exhaust systems.
  • Solar Cables - PV Wires Solar cables for photovoltaic applications used in solar panel wiring, meeting BSEN 50618 / IEC 62930 requirements with TUV approval.
  • Cathodic Protection Cables - CP Specialized electrical cables designed for cathodic protection systems, preventing or minimizing corrosion of metal structures including pipelines, storage tanks, and marine vessels.
  • Low Current & Communication Cables Cables designed for transmitting signals, data, and information in applications requiring minimal power consumption, including coaxial cables, twisted pair cables, and Ethernet cables.
  • Data & Signals Cables Low-voltage communication cables for transmitting data and information, including coaxial cables, data and ethernet cables, and twisted pair cables with screened and unscreened variants.
  • Building Wire - Single Core Single-core cables for power and lighting circuits, building wiring, switchgear, and control gear, designed for open installation ducts, embedded conduits, and exposed conduits.
  • Flexible Cables Light-duty flexible cables for domestic applications, offices, and various electrical appliances for connecting devices and lighting applications.
  • Irrigation Cables Single conductor UF wire for direct burial applications in commercial sprinkler and irrigation systems, golf courses, public parks, and plantations.
  • Bare Copper Uncoated copper wire for electrical applications including grounding wires, electrical systems, power transmission lines, and communication systems with high conductivity properties.
  • PVC - Polyvinyl Chloride Compounds Premium insulation and sheathing PVC compounds for wire and cable insulation and sheathing applications, conforming to international standards and ROHS compliance with UL-listed grades.
  • MESC PYRO FP 200 LPCB approved fire resistant cable for critical fire alarm and emergency circuit applications requiring operation during fire events.

Quantifiable outcome

  • Over 30 years of specialized cable manufacturing experience supporting regional and global projects
  • +1 more outcomes

Companies that use Middle East Specialized Cables

Customer profile

Named customers8 records

Segments8 records

Ideal customer profiles3 records

Middle East Specialized Cables technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Middle East Specialized Cables partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Middle East Specialized Cables competitors and assessment

Company assessment

Broad incumbents

  • Nexans: Global cable manufacturer with strong energy infrastructure presence including oil & gas umbilicals and power cables. Active in Middle East projects alongside MESC and brings deep R&D and product breadth.
  • Southwire Company: One of North America's largest wire and cable producers with a growing Middle East commercial presence. Competes with MESC in building wire, utility, and renewable energy cable categories across international tenders.
  • Elsewedy Electric: Egyptian-listed integrated cables and electrical solutions provider with deep MENA presence. Competes with MESC on power cables and turnkey electrical projects across the GCC, but operates at significantly larger scale and broader product scope.
  • LS Cable & System: Korean global cable manufacturer with extensive MV/HV and submarine cable capability. Competes for large Middle East infrastructure and oil & gas projects where MESC also bids, particularly on HV and specialty cable scope.
  • Prysmian Group: World's largest cable manufacturer with full-spectrum LV/MV/HV, submarine, and specialty cable offerings. Competes with MESC in Middle East tenders and sets the global benchmark for technology and scale.

Direct peers

  • Ducab: UAE-based cable manufacturer with plants in Dubai and Abu Dhabi producing LV/MV power cables, instrumentation, and specialty cables for oil & gas and infrastructure. Operates in MESC's home market with comparable product portfolio and customer base.
  • National Cables Industry: UAE-based manufacturer of LV/MV power cables, building wires, and specialty cables operating out of Sharjah. Regional peer competing for GCC infrastructure and industrial contracts with product lines similar to MESC.
  • Bahra Cables: Saudi manufacturer of low, medium, and high-voltage power cables, instrumentation, and fire-resistant cables. Direct domestic rival competing for the same Saudi mega-project awards and oil & gas tenders as MESC.
  • Riyadh Cables Group: Saudi-based manufacturer of power, control, and instrumentation cables serving the same oil & gas, petrochemical, and infrastructure customers as MESC. Closest direct domestic competitor with overlapping product range and a similar KSA-centric giga-project pipeline.
  • Jeddah Cables Company: Saudi-based power and specialty cable manufacturer supplying oil & gas, utilities, and industrial customers. Direct competitor in the Saudi cable market with overlapping customer base in the Western Province.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Middle East Specialized Cables social profiles

Digital presence

Middle East Specialized Cables compliance and trust

Trust signal

Compliance10 records

Middle East Specialized Cables financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Middle East Specialized Cables leadership team

Management profile

Number of profiles

Profiles8 records

Middle East Specialized Cables subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Middle East Specialized Cables funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Middle East Specialized Cables M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Middle East Specialized Cables

What does Middle East Specialized Cables do?

Middle East Specialized Cables Company (MESC) is a manufacturer and supplier of specialized cables and wires serving oil & gas, petrochemical, industrial, commercial, railway, automotive, military, and renewable energy sectors. The company produces 13 product categories including instrumentation and process cables, power and control cables, fire resistant cables, solar PV wires, fieldbus cables, cathodic protection cables, low current and communication cables, data and signal cables, building wire, flexible cables, irrigation cables, bare copper conductors, and PVC compounds from manufacturing facilities in Saudi Arabia and the UAE.

Is Middle East Specialized Cables a public or private company?

Middle East Specialized Cables is a public company. It is classified as public and is currently operating.

When was Middle East Specialized Cables founded?

Middle East Specialized Cables was founded in 1993. It employs 501 to 1,000 people.

Where is Middle East Specialized Cables based?

Middle East Specialized Cables is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Middle East Specialized Cables make money?

One revenue line is on record: cable Manufacturing and Sales.

Who are Middle East Specialized Cables's main competitors?

Broad incumbents on record are Nexans, Southwire Company, Elsewedy Electric, LS Cable & System and Prysmian Group. Direct peers are Ducab, National Cables Industry, Bahra Cables, Riyadh Cables Group and Jeddah Cables Company.

Does Middle East Specialized Cables have an API?

No public API is recorded for Middle East Specialized Cables.

What industry is Middle East Specialized Cables in?

Middle East Specialized Cables's product category is Specialized Cable Manufacturing. Its primary akta.pro industry code is IMAGAEAC, Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable), with a secondary code of IMADAMAB, Industrial Power Cable (MV/HV). Its NAICS code is 33592 and its SIC code is 3600.

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Live signals
eyeofriyadh.comMESC renews SAR 150M banking facilities with Al Rajhi BankMESC renewed Shariah-compliant banking facilities worth SAR 150 million with Al Rajhi Bank, secured by a promissory note and insurance proceeds. The facility, effective Sept. 30, runs until June 30, 2027, and will finance working capital and bank guarantees.Investing.comSaudi Arabia shares lower at close of trade; Tadawul All Share down 0.28% By Investing.comSaudi Arabia's Tadawul All Share fell 0.28% at close on Monday, with losses in Consumer Durables, Insurance, and Materials. Crude oil jumped 3% to $85.95 a barrel on U.S. strikes on Iran, while Middle East Specialized Cables led gains at 8.66%.Investing.comSaudi Arabia stocks lower at close of trade; Tadawul All Share down 0.11% By Investing.comSaudi Arabia's stock market, Tadawul All Share, declined by 0.11% on the trading day. The market experienced mixed performance among individual stocks, with some companies like Saudi Fisheries and Almasar Alshamil Education performing well, while others such as Middle East Specialized Cables and United Electronics declined significantly.ArabnewsClosing Bell: Saudi main index slips to close at 10,833Saudi Arabia's Tadawul All Share Index fell 0.11% to close at 10,833.18 on Tuesday, with turnover of SR4.86 billion. Saudi Fisheries Co. reported a net loss of SR4.2 million for the first half of 2026, while Dar Albalad for Business Solutions posted a net profit of SR25.4 million.SahmcapitalSaudi Aramco Base Oil (2223) and 2 More Stocks Hit 52W Highs; Get Ready for Kingdom Holding (4280) Dividend Events TodayThe Tadawul All Shares Index (TASI) declined 0.4% on July 9, 2026, as renewed US-Iran geopolitical tensions—including US military strikes and Iranian counter-attacks affecting Kuwait and Bahrain—weighed on Gulf market sentiment. Saudi Arabia's Industrial Production Index plunged 18.7% year-on-year in May 2026, driven by a 28.6% drop in mining and quarrying and a 6.2% fall in manufacturing. Kingdom Holding Co. and Middle East Specialized Cables Co. are distributing dividends today, while Alghaz Waltsnae Company Eligibility Alqabida appointed Fahad Al-Matrafi as its new chairman.ArgaamMESC board declares 6% cash dividend for H1 2026Middle East Specialized Cables Co. (MESC) announced its board declared a 6% cash dividend (SAR 0.6 per share) for H1 2026, totaling SAR 24 million against a capital base of SAR 400 million. The dividend record date is June 30, 2026, with payment scheduled for July 9, 2026. This represents an increase from the previous dividend of SAR 0.50 per share paid in June and November 2025.SahmcapitalJarir Marketing (4190) and 3 More Stocks Hit 52W Highs; MESC (2370) Pays SAR 0.6 Per Share; IEA Forecasts Massive 2027 Oil SurplusThe Tadawul All Shares Index declined 0.3% on June 17, 2026, pressured by Saudi Arabian Oil Co.'s 0.65% drop as Brent crude fell 0.2% to $78.81 per barrel amid regional market updates following an interim U.S.-Iran peace agreement. Middle East Specialized Cables Co. announced a SAR 24 million cash dividend distribution of SAR 0.6 per share for the first half of fiscal year 2026, with eligibility on June 30 and distribution starting July 9. The International Energy Agency projects a major global oil surplus by 2027, with supply expected to rise 8 million barrels per day outstripping demand growth of 2 million barrels per day following the reopening of the Strait of Hormuz.SahmcapitalMESC Declares 0.6 Per Share Cash DividendMiddle East Specialized Cables Co. announced on June 17, 2026 that its board of directors approved a cash dividend distribution of 24,000,000 for the first half of fiscal year 2026, equivalent to 0.6 per share for 40,000,000 eligible shares, representing 6% of share par value. Shareholders on the register at the end of trading on June 30, 2026 will be eligible for the dividend, with distribution scheduled for July 9, 2026 through the Securities Depository Center Company (Edaa). The announcement was sourced from the Saudi Exchange (Tadawul) where the company is listed.Investing.comSaudi Arabia shares higher at close of trade; Tadawul All Share up 0.23% By Investing.comSaudi Arabia equities closed higher on Wednesday, with the Tadawul All Share Index gaining 0.23% to reach a new 1-month high. Top performers included Middle East Specialized Cables Co (up 9.98%), Emaar The Economic City (up 9.96%), and Saudi Public Transport Co. (up 9.94%), while decliners featured Saudi Cable Company (down 8.00%), Advanced Building Industries Co (down 6.68%), and Kingdom Holding Company (down 4.79%).Mubasher InfoMiddle East Specialized Cables Company (MESC) announces that it has obtained Sharia-compliant banking facilities.Middle East Specialized Cables Company (MESC) announced it has obtained Sharia-compliant banking facilities of 91 million UAE Dirhams from Mashreq Bank, with the agreement signed on October 16, 2025, and effective from December 9, 2025. The facilities are secured through promissory notes, insurance proceeds assignment, and a mortgage on factory and machinery assets worth 20 million UAE Dirhams. The financing will be used to meet working capital requirements, procurement of raw materials, issuance of letters of credit and guarantees, and to secure capital expenditure needs.