Middle East Specialized Cables Company

Saudi Stock Exchange 2370.SR

Middle East Specialized Cables Company Capital Expenditure for the year ending December 31, 2023: USD -3.53 M

Middle East Specialized Cables Company Capital Expenditure is USD -3.53 M for the year ending December 31, 2023, a -249.13% change year over year. Capital expenditure is cash spent on acquiring or maintaining fixed assets, such as property, plants, and equipment (PP&E).

Middle East Specialized Cables Company Capital Expenditure for the year ending December 31, 2022 was USD -1.01 M, a 66.96% change year over year.
Middle East Specialized Cables Company Capital Expenditure for the year ending December 31, 2021 was USD -3.06 M, a -248.92% change year over year.
Middle East Specialized Cables Company Capital Expenditure for the year ending December 31, 2020 was USD -877.16 K, a 13.62% change year over year.
Middle East Specialized Cables Company Capital Expenditure for the year ending December 31, 2019 was USD -1.02 M, a -7.68% change year over year.

Key data

Date	Capital Expenditure	Free Cash Flow	Depreciation And Amortization	Deferred Income Tax

Saudi Stock Exchange: 2370.SR

Middle East Specialized Cables Company

CEO	Mr. Fadhil Fawzan Alsaadi
IPO Date	March 4, 2010
Location	Saudi Arabia
Headquarters	Al Bait Project, Building No. 1
Employees	67
Sector	Materials
Industries Construction Materials Oil & Gas Petrochemicals Steel Telecommunications & Networking

Description

Middle East Specialized Cables Company, together with its subsidiaries, manufactures and sells flexible electric, coaxial, rubber, and nylon coated wires and cables primarily in the Kingdom of Saudi Arabia, Jordan, and the United Arab Emirates. The company offers instrumentation and process cables for use in oil, gas and petrochemical, automation and process control, and marine and offshore industries; power and control cables that are primarily used in the construction and industrial applications; and data and communication cables, such as co-axial, LAN, computer, telephone, and system cables. It also manufactures PVC compounds for wire and cable insulation and sheathing applications. In addition, the company produces and sells safety and anti-fire wires and cables, as well as engages in the control and transmission of information cables. Middle East Specialized Cables Company was incorporated in 1992 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Key trends

Past 5 years