“Musk” gets a loan of 120 million dirhams from Abu Dhabi First Bank

The Middle East Specialized Cable Company (Misk) has announced that it has obtained banking facilities for its subsidiary company "The Middle East of Specialized Cables LLC" At a value of AED 120 million from Abu Dhabi Bank I in the UAE. "Saudi Arabia trading"Today, Wednesday, for obtaining funding on July 16, while the financing period extends until May 31, 2026, adding that the guarantees provided are a support of an order of 120 million dirhams, and a waiver of insurance revenues, and mortgaged the factory and machines. And financing the capital expenses of the factory and machinery.

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