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Middle East Specialized Cables Co.

2370
MESC
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  • Main Market
  • Capital Goods

Stats Overview

  • Prev. Close 30.30
  • Open 30.95
  • High 31.50
  • Low 30.25
  • No. of Trades 869
  • Avg. Trade size* 185
  • Volume Traded 160,374
  • Value Traded (SAR) 4,948,440.55

Performance

MESC
0.25 ( 0.83% )
Compare
Name Price Change %
Middle East Specialized Cables Co. 30.95 0.83%
Note: Prices are delayed minimum 5 minutes
  • *Average Trade Size = Cumulative / # of Trades
  • **52 Week Price Change =   (Current Price - Price year ago) / Price year ago x 100
  • Historical prices & volume traded data are adjusted to account for all corporate actions.
  • MO: Market Order

Trade Updates

Last Trade

Price
30.55
% Change
0.83
Volume Traded
50

Best Bid

Price 30.50
Volume 1,133

Best Offer

Price 30.55
Volume 608

52 WEEK

High
36.00
2024/05/20
Low
14.46
2023/10/25
Change**
89.05

PERFORMANCE

Start of Year
22.48
Year ago
16.16
3 Years ago
22.96

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Announcements

  • A contract sign-off by Middle East Specialized Cables Company (MESC) through its subsidiary Middle East Specialized Cables Co. LLC (MESC-Ras AlKhaimah UAE) with the joint venture company (NPCC) comprising the National Petroleum Company (NPCC and SAIPEM in the United Arab Emirates.

    2370
    MESC 0.66 %
    1445/12/17     23/06/2024 08:01:02
  • Middle East Specialized Cables Co. (MESC) announces the board of directors' recommendation regarding the transfer of the Company’s statutory reserve to the retained earnings

    2370
    MESC 0.66 %
    1445/12/07     13/06/2024 15:35:53
  • Middle East Specialized Cables Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

    2370
    MESC 0.66 %
    1445/12/03     09/06/2024 08:00:55
  • Middle East Specialized Cables Company (MESC) would like to announce that its subsidiary Middle East Specialized Cables Co. LLC (MESC-Ras AlKhaimah UAE) has been awarded a contract with the joint venture company (NPCC) comprising the National Petroleum Company (NPCC and SAIPEM in the United Arab Emirates.

    2370
    MESC 0.66 %
    1445/11/22     30/05/2024 16:05:29
  • Middle East Specialized Cables Company (MESC) announces the start date of electronic voting for its shareholders on the items of the Ordinary General Assembly Meeting (First Meeting)

    2370
    MESC 0.66 %
    1445/11/22     30/05/2024 15:41:37
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Corporate Actions

Upcoming Events

    Past Events

      Jump To :
      • Announcements & Corporate Actions
      • Dividends
      • Financials
      • Shareholding
      • Peer Comparison
      • Company Profile

      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount
      19/01/2010 22/03/2010 31/03/2010 Account Transfer 1.00
      25/01/2009 31/03/2009 22/04/2009 Account Transfer 1.20
      19/02/2008 16/07/2008 04/08/2008 Account Transfer 0.50

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2022-12-31 2021-12-31
      Total Assets
      768,079
      666,151
      - -
      Total Liabilities
      439,783
      327,782
      - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      328,296
      338,369
      - -
      Total Liabilities and Shareholders Equity
      768,079
      666,151
      - -
      Statement of Income 2022-12-31 2021-12-31
      Total Revenue (Sales/Operating)
      814,395
      516,503
      - -
      Net Profit (Loss) before Zakat and Tax
      19,091
      -10,193
      - -
      Zakat and Income Tax
      -30,879
      -12,523
      - -
      Net Profit (Loss) after Zakat and Tax
      -11,788
      -22,716
      - -
      Total Comprehensive Income
      -10,073
      -22,716
      - -
      Profit (Loss) per Share
      -0.29
      -0.57
      - -
      Cash Flow 2022-12-31 2021-12-31
      Net Cash From Operating Activities
      -43,337
      62,610
      - -
      Net Cash From Investing Activities
      -3,713
      -11,507
      - -
      Net Cash From Financing Activities
      22,518
      -32,432
      - -
      Cash and Cash Equivalents, Beginning of the Period
      68,028
      49,357
      - -
      Cash and Cash Equivalents, End of the Period
      43,496
      68,028
      - -
      All Figures in Thousands Thousands
      All Currency In SAR SAR
      Last Update Date 2023-12-07 2023-12-07

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Balance Sheet 2023-09-30 2023-06-30 2023-03-31 2022-09-30
      Total Assets
      760,983
      782,950
      753,423
      763,046
      Total Liabilities
      394,260
      429,789
      412,693
      436,195
      Total Shareholders Equity (After Deducting the Minority Equity)
      366,723
      353,161
      340,730
      326,851
      Total Liabilities and Shareholders Equity
      760,983
      782,950
      753,423
      763,046
      Statement of Income 2023-09-30 2023-06-30 2023-03-31 2022-09-30
      Total Revenue (Sales/Operating)
      229,893
      215,925
      218,552
      200,573
      Net Profit (Loss) before Zakat and Tax
      18,776
      14,645
      14,648
      2,744
      Zakat and Income Tax
      -5,214
      -2,214
      -2,214
      -2,491
      Net Profit (Loss) after Zakat and Tax
      13,562
      12,431
      12,434
      253
      Total Comprehensive Income
      13,562
      12,431
      12,434
      253
      Profit (Loss) per Share
      0.34
      0.31
      0.31
      0.01
      Cash Flow 2023-09-30 2023-06-30 2023-03-31 2022-09-30
      Net Cash From Operating Activities
      40,117
      -12,833
      7,568
      -56,214
      Net Cash From Investing Activities
      -11,519
      -4,288
      -1,342
      -3,048
      Net Cash From Financing Activities
      -47,460
      2,192
      5,087
      40,785
      Cash and Cash Equivalents, Beginning of the Period
      43,496
      43,496
      43,496
      68,028
      Cash and Cash Equivalents, End of the Period
      24,634
      28,567
      54,809
      49,551
      All Figures in Thousands Thousands Thousands Thousands
      All Currency In SAR SAR SAR SAR
      Last Update Date 2024-01-09 2024-01-09 2024-01-09 2024-01-09

      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.

      Display Previous Periods
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      • Dividends
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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-06-13 يحيى براهيم محمد القنيبط Chairman 0.0031300% 0.0031300% 0
      2024-06-13 سليمان محمد سليمان النمله Board of Directors 0.9500000% 0.9500000% 0
      2024-06-13 علي عبدالرزاق محمد الغامدي Board of Directors 0.0012500% 0.0012500% 0
      2024-06-13 محمد عبدالعزيز محمد النمله Board of Directors 2.7748000% 2.7748000% 0
      2024-06-13 سعد بن صالح بن علي الأزوري Board of Directors 0.0018325% 0.0018325% 0
      2024-06-13 محمد علي سعيد العجمي Board of Directors 0.0050000% 0.0050000% 0
      • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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      Middle East Specialized Cables Co.
      Price 30.50
      Market Cap (SAR MN) 1,224
      P/E Ratio 19.58
      Index Name Index Level 1D Return
      Middle East Specialized Cables Co. %
      Jump To:
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      Company Profile

      Company overview

      Middle East specialized cables Company MESC and its subsidiaries is considered a world class and state of the art manufacturer of Industrial cables that consist of instrumentation data & control cables which are used in industrial projects refineries and petrochemical plants to remotely control the data and measurements Adding more control cables which consist of telephone computer cables specialized to transfer data and radio signals and telecommunications widely used in hotels hospitals and commercial buildings MESC also produces fire resistant cables low medium and high voltage power cables power transmission cables used in electrical distribution especially in networks industrial projects refineries and petrochemical plants in governmental or private sectors These products are manufactured according to international standards tested and certified by worldwide prestigious institutions.

      Company History

      Middle East Specialized Cables Company referred to as MESC or the Company was established as a Saudi limited liability company under Commercial Registration Number 1010102402 dated 10-05-1413H corresponding to 04-11-1992G MESC was converted into a Saudi joint stock company pursuant to the Ministerial Resolution No 195 dated 21-07-1428H corresponding to 04-08-2007G MESC products are available with an excellent reputation locally and internationally MESC has given enormous attention to productivity and quality improvements and has been focusing on upgrading its technology and launching comprehensive range of products Its commitment to become the pioneer The One Stop Shop of all types of cables.

      Company Bylaws

      Click here

      Equity Profile

      • Authorized Capital (SAR) 400,000,000
      • Issued Shares 40,000,000
      • Paid Capital (SAR) 400,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2018-11-05

      Investment limits

      There are no investment limits on the companys shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on companys bylaw and the issued instructions by the related regulators and supervisory authorities

       

      • Company Details
      • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
      • Date Established

        1992/11/04

      • Financial Year End

        31/12

      • Listing Date

        2007/12/08

      • External Auditors

        [AlKharashi & Co. Certified Accountants and Auditors]

      • ISIN CODE

        SA11TGN15119

      • Number of Employees

        448

      • Chairman

        Yahya Ibraheem AlQunaibit
        Non - Executive

        Yahya Ibraheem AlQunaibit
        • BD Session Start
          2022-07-02
          Designation
          Chairman
        • BD Session End
          2025-07-01
          Classification
          Non - Executive
      • Board of Directors

        Suliman Mohammed AlNamlah Non - Executive

        Suliman Mohammed AlNamlah
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Non - Executive

        Saad Saleh AlAzwari Non - Executive

        Saad Saleh AlAzwari
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Non - Executive

        Mohammed Abdulaziz AlNamlah Non - Executive

        Mohammed Abdulaziz AlNamlah
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Non - Executive

        Ali Abdulrazaq AlGhamdi Deputy Chairman - Independent

        Ali Abdulrazaq AlGhamdi
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Deputy Chairman - Independent

        Mohammed Ali Alajmi Independent

        Mohammed Ali Alajmi
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Independent

        Majed Ahmed Alsuwaigh Independent

        Majed Ahmed Alsuwaigh
        • BD Session Start
          2022-07-02
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Independent

        Hathal Safar Alotaibi Independent

        Hathal Safar Alotaibi
        • BD Session Start
          2023-04-09
          Designation
          Board of Directors
        • BD Session End
          2025-07-01
          Classification
          Independent
      • Senior Executives

        Fadhil Fawzan Alsaadi CEO

        Fadhil Fawzan Alsaadi
        • BD Session Start
          2022-04-05
          Designation
          Senior Executives
        • BD Session End
          -
          Classification
          CEO

        Ali Ahmed Ali Awadh Allah CFO

      Ali Ahmed Ali Awadh Allah
      • BD Session Start
        2024-05-12
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO

      Investor Relations

      Contact Name:

      Investor Relations

      Company Address:

      Riyadh King Abdulaziz Sector Salahuddin Street P.O.Box 60536 Riyadh 11555 KSA

      Contact Details:

      Telephone: 00966114767373
      Fax : 00966114723192
      Email : IR@mesccables.com

      Company Website:

      www.mesccables.com


      Name Of Subsidiary Percentage Of Property Main Business Location Of Operation Country Of Operation
      MESC for Medium & High Voltage Co. 57.50% Manufacturing of Medium and High Voltage Cables Jordan Jordan
      MESC RAK CO 100.00% Manufacturing of instrumentation, Data, control cables wires and flexible cables United Arab Emirates United Arab Emirates
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      The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.