Middle East Specialized Cables Company (MESC) was established as a Saudi limited liability company under a commercial registration No. 1010102402 dated 4/11/1992. The MESC Company was converted into a joint stock company under Ministerial decision No. (195/Q) dated 4/8/2007, capital (320,000,000) three hundred and twenty million Saudi Riyals divided into (32) thirty two million stocks, nominal value (10) ten Saudi Riyals per stock (referred hereinafter as “stocks”).
In less than 15 years Middle East Specialized Cable Company (MESC) was able to create the history of the cables industry in the region, and give it a new identity, said Hashem Al Huneidi, the CEO of MESC.
From a local into a regional cable manufacturing company with an objective to become globally, .the company’s expansion plans never stop. After achieving seven consecutive capacity expansions, acquiring the shares of JNC Cables in Jordan, establishing in 2007 a joint venture with Fujikura of Japan “MESC – Fujikura Cable Company for medium voltage power cables, the company has taken a major step down the road of conversion into a joint stock company by listing 9.6 million shares of the total 32 million shares that represents only 30% of the company’s shares, he added.
Middle East Specialized Cable Company (MESC) with an access to the public capital markets and facilitate future fund raising through a second offering to fund its anticipated future growth. A public listing will enhance its market position as a dominant player in the cables industry and will highlighted the advantage its regional presence provides to the clients from its offices in KSA, Dubai and Amman.
Middle East Specialized Cables (MESC) and its subsidiaries: JNC Cables and MESC – Fujikura Cable Company offer an extensive range of cables and address a series of market segments from energy, oil & gas, power plants, petrochemical plants, to infrastructure, telecom and building markets. Its reputation has actually crossed the frontiers of this region whereby the companies today enjoy presence and has commercial activities in more than 11 countries throughout the world.
The company is considered as a momentous mark in the history of the cables manufacturer due to the enormous growth it has achieved in different sectors.
The company has been witnessing an enormous growth in different sectors and playing an integral role in the cables industry in the region by supplying its cables to mega projects not only in the region but as well to the world’s largest refinery “Jamnagar” in India.
MESC Specialized Cables continues to enhance its strategic position within the industry securing major orders both regionally and internationally. It is becoming one of the most active companies worldwide with an increasing presence in many international markets and adhering to high standards of quality and reliability.
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