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MESC-RAK Supplies Banagas in Bahrain

MESC – RAK received first direct order from Bahrain for Banagas Project . The contractors and the NOC has started recognizing MESC-RAK facility as a quality supplier as MESC-KSA , since the same quality procedures and manufacturing practice is maintained and unified across MESC Facilities

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Chairman Mr. Abdulaziz Alnamla & President Mr. Aiman Almasri visited MESC Plant-KSA in 29th of December 2016

Chairman of MESC group Mr. Abdulaziz Al-Namla and President Mr. Aiman Al Masri paid visit to the MESC factory, during this visit Mr. Abdulaziz meet the head of departments in the factory and stand on the progress of work at the plant. At the end of his visit Mr. Abdulaziz urging all departments for more effort and giving and teamwork.

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MESC-RAK Receives a direct Purchase order from BAPCO

Wholly owned by the Government of Bahrain, Bapco is engaged in the oil industry including refining, distribution of petroleum products and natural gas, sales and exports of crude oil and refined products. The company owns a 264,000 barrel-a-day refinery, storage facilities for more than 14 million barrels, a marketing terminal and a marine terminal for its petroleum products. 95% of the company’s refined products are exports. Bapco is primarily engaged with exploration, refining, storage, production, marketing, training and development, and environmental initiatives in the kingdom.

MESC-RAK has secured the first direct purchase order from BAPCO to be supplied completely from MESC-RAK  facility . this a very important addition to MESC-RAK approvals and supply record.

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A cooperation agreement conclude with the Disabled Children’s Association

Middle East Specialized Cables Company (MESC) and Disabled Children’s Association signed a memorandum of understanding, as a National Initiative for safe driving (Ya3tek Khairha ), which aims to reduce the incidence of disability through all possible means. Mr. Aiman Al-masri – MESC president – represented MESC at the signing of the memorandum. Mr. Suleiman Mansour represented – Executive Director of the National Initiative for driving safe “Ya3tek Khairha ” he had expressed his happiness with this cooperation with (MESC) Company with his thanks and appreciation to the management of the company on their interaction and their consent to participate in the program, initiative and cooperation with the Assembly.

Chairman of MESC group Mr. Abdulaziz Al-Namla and President Mr. Aiman Al Masri paid visit to the MESC factory, during this visit Mr. Abdulaziz meet the head of departments in the factory and stand on the progress of work at the plant. At the end of his visit Mr. Abdulaziz urging all departments for more effort and giving and teamwork.

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Middle East Specialized Cables Co (MESC) Announces that its Accumulated Losses Reach to 29% of its Share Capital.

Middle East Specialized Cables Co (MESC) announces that its accumulated losses reach to 29% of its Share Capital, where accumulated losses was SR 175 million as of 31/12/2016 and the company’s share capital is SR 600 million.
The main reason for these accumulated losses is related to the company’s share losses from the Jordanian subsidiaries over the previous years.
Due to the above, the procedures of Article 3 (When Accumulated Losses of a Company Reach 20% or more and less than 35% of its Share Capital) of (Procedures and Instructions Related to Listed Companies with Accumulated Losses Reaching 20% Or More of Their Share Capital) will be applied from 22nd April 2017 based on Board of the Capital Market Authority Resolution Number 1-130-2016
Dated 23/1/1438H Corresponding to 24/10/2016G

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The Middle East Specialized Cables (MESC) hereby invites its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting)

The Board of Directors of the Middle East Specialized Cables (MESC), a Saudi joint stock company, is pleased to invite its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting), to be held, God willing, Sunday 6.30pm, 19-07-1438 (corresponding to 16-04-2017), at the Company’s head office located at the King Abdulaziz District, Salahudeen Al-Ayoubi St. (Sitteen), Riyadh, to consider the following agenda;

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The Middle East Specialized Cables (MESC) hereby invites its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting)( Reminder )

The Board of Directors of the Middle East Specialized Cables (MESC), a Saudi joint stock company, is pleased to invite its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting),(Reminder) to be held, God willing, Sunday 6.30pm, 19-07-1438 (corresponding to 16-04-2017), at the Company’s head office located at the King Abdulaziz District, Salahudeen Al-Ayoubi St. (Sitteen), Riyadh, to consider the following agenda;

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The Middle East Specialized Cables (MESC) hereby invites its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting)

The Board of Directors of the Middle East Specialized Cables (MESC), a Saudi joint stock company, is pleased to invite its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting), to be held, God willing, Sunday 6.30pm, 19-07-1438 (corresponding to 16-04-2017), at the Company’s head office located at the King Abdulaziz District, Salahudeen Al-Ayoubi St. (Sitteen), Riyadh, to consider the following agenda;

1.Voting on the Directors Report for the financial year ended on December 31 2016.
2.Voting on the Company financial statements for the financial year ended on December 31 2016.
3.Voting on the Auditors Report for the financial year ended on December 31 2016.
4.financial year 2017 and the relevant financial information and determining his remuneration.
5.Voting on releasing Board of Directors from liability for the year 2016.
6.Voting on the transactions to be carried out between the Company and the Middle East Fiber Cable Manufacturing Co. (MEFC) represented by MESC Chairman Eng. Abdulaziz Mohammed Alnamlah namely buying finished goods and providing services and businesses, without any preferred conditions, and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (buying finished goods and providing services and businesses) was SAR 5,349,201.
7.Voting on the transactions to be carried out between the Company and Contractors Services Co. represented by MESC Chairman Eng. Abdulaziz Mohammed Alnamlah namely selling cables without any preferred conditions and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (selling cables) was SAR 760,280.
8.Voting on the transactions to be carried out between the Company and the Middle East Mold and Plastic Factory Co Ltd (MEMPF) represented by MESC Board Member Abdulraouf Waleed Albitar namely buying molds and plastic without any preferred conditions and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (buying molds and plastic) was SAR 13,650.

Each shareholder shall be entitled to attend the Ordinary General Assembly and he may also deputize another person (not from among Board members or Company staff) to represent him provided that the original power of attorney is brought to the meeting, attested by the Chamber of Commerce any bank or an authorized person or a notary public and be sent via fax to the following number: 00966 11 4723192 or by post to the following address: P.O. Box 60536 Riyadh 11555 at least two days before the date set for holding the meeting and shareholders (principals or agents) shall be required to bring their original ID cards. For inquiries, please call 00966 11 4767373. Please note that a meeting of the Ordinary General Assembly shall be valid only if attended by Shareholders representing at least 25% (twenty five percent) of the Companys capital. If such quorum cannot be attained at the first meeting a second meeting shall be held within an hour following the time set for the preceding meeting. In all cases the second meeting shall be deemed valid irrespective of the number of shares represented therein.

Important Note: Kindly attach copy of the ID card and commercial registration (see attached) alongside the power of attorney before the date set for the meeting.