1. Saudi Arabia Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Middle East Specialized Cables Co.

Middle East Specialized Cables Co.

TTADAWUL:2370
27.82
SAR
-2.28
(-7.57%)
2.93EPS
10.39P/E
1.22BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.29
21.48
22.21
19
16.88
14.8
11.7
13.14
12.91
20.36
23.17
28.6
37.05
43.25
Basic EPS, GAAP
0.76
-0.58
-2.6
2
0.31
-2
-0.61
0.05
-0.57
-0.29
1.22
2.27
2.54
2.93
Free Cash Flow per Basic Share
-2.01
0.72
1.93
1.02
0.91
1.28
0.36
0.91
1.28
-1.18
1.71
-1.86
-0.48
0.17
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
0.5
Book Value per Share
12.61
12.03
9.36
11.46
11.64
9.62
8.99
9.03
8.46
8.21
9.44
11.61
13.47
14.15
Tangible Book Value per Share
12.43
11.99
9.33
11.42
11.58
9.56
8.9
8.94
8.37
8.12
9.36
11.48
13.25
13.91
Basic Weighted Avg Shares
40
40
40
40
40
40
40
40
40
40
40
40
40
40
Sales/Revenue/Turnover
931
858
888
759
675
592
468
526
517
814
927
1,144
1,482
1,730
Operating Margin (%)
5.32
0.53
-13.47
14.76
6.48
-8.79
-0.14
7.36
-1.4
3.37
9.7
11.38
9.99
9.87
Depreciation Expense
45
42
42
37
31
23
21
20
19
18
19
20
22
23
Net Income, GAAP
30
-23
-104
80
13
-80
-25
2
-23
-12
49
91
102
117
Effective Tax Rate (%)
18.72
- -
- -
7.89
40.31
- -
- -
92.03
- -
161.75
25.33
13.15
11.74
11.35
Profit Margin (%)
3.27
-2.69
-11.68
10.53
1.85
-13.54
-5.25
0.39
-4.4
-1.45
5.28
7.95
6.86
6.78
Working Capital
347
270
177
167
236
207
259
274
224
186
278
316
412
424
LT Debt
439
335
297
75
3
39
103
83
45
7
6
6
47
45
Total Equity
505
464
311
444
465
385
360
361
338
328
378
464
539
566
Return on Invested Capital (%)
3.52
- -
- -
12.47
2.77
- -
- -
0.49
- -
-3.38
12.58
19.94
17.47
16.83
Return on Capital (%)
5.48
- -
- -
12.13
3.27
- -
- -
0.51
- -
-3.32
12.74
19.95
17.41
16.46
Return on Common Equity (%)
7.74
-4.69
-24.26
19.22
2.71
-18.85
-6.6
0.57
-6.5
-3.54
13.86
21.62
20.27
22.05

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
137
215
270
LT Borrowings
40
38
36
LT Finance Leases
6
10
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
851
926
1,219

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
980
1,205
1,298
Cash, Cash Equivalents & STI
40
28
55
Accounts Receivable, Net
588
796
815
Inventories
341
380
426
Total Current Liabilities
568
774
874
Payables & Accruals
- -
- -
- -
ST Debt
137
215
270
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.91%
8.95%
16.06%
Free Cash Flow
-61.75%
-136.12%
-74.11%
Net Income, GAAP
-284.45%
-332.9%
11.72%
Sales/Revenue/Turnover
7.62%
24.55%
29.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
291
250
289
314
1,144
2025
339
381
381
382
1,482
2026
462
506
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.65
0.54
0.52
0.56
2.27
2025
0.48
0.75
0.51
0.81
2.54
2026
0.81
0.81
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
0.5
1
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Christian Scholz
Full Time Employees
936
Sector
Producer manufacturing
Industry
Electrical products
Address
Salah Al-Din Street Riyadh Riyadh Province Saudi Arabia 11555
IPO Date
Nov 5, 2007
Website
mesccables.com
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Business
Middle East Specialized Cables Company (MESC) (2370.SR) manufactures and supplies a wide range of specialized cables and related products for the power, telecommunications, and construction industries; its core offerings include low, medium, and high voltage power cables, aerial bundled conductors, fiber optic cables, LAN cables, coaxial cables, and control cables, as well as turnkey contracting services for cable installation and network infrastructure projects. The company serves utility companies, telecom operators, industrial clients, and government entities primarily in Saudi Arabia, with exports to other Middle East and African markets. Founded in 1993 and headquartered in Sudair Industrial City, Saudi Arabia, MESC operates manufacturing facilities equipped for custom cable production and maintains a focus on quality standards such as ISO certifications. In recent developments, MESC expanded its production capacity through investments in new extrusion lines and facility upgrades announced in 2024, enhancing output for high-demand power cables amid Saudi Arabia's Vision 2030 infrastructure push. The company secured major contracts in late 2024 for supplying cables to national grid expansion projects and formed a strategic partnership with a leading regional telecom provider for fiber optic deployments. Additionally, MESC reported a successful IPO on the Saudi Tadawul exchange in 2023, followed by a dividend distribution in 2025 reflecting strong financial performance.