Middle East Specialized Cables Co 2015 AR2
The report outlines the financial and operational performance of Middle East Specialized Cables Co. (MESC) for the fiscal year 2015. The company faced significant challenges, reporting a net loss of SAR 103.7 million, primarily driven by losses from its subsidiaries in Jordan. In response, MESC initiated cost-reduction measures, inventory management reforms, and collection policy updates. The report also details the company's corporate governance, board activities, and its plan for transitioning to International Financial Reporting Standards (IFRS) by 2017.
Company: Middle East Specialized Cables Co
Sector: Manufacturing
Country: Saudi Arabia
Year: 2015
Type: AR2
Pages: 28
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Middle East Specialized Cables Co
Annual Board Report
The report outlines the financial and operational performance of Middle East Specialized Cables Co. (MESC) for the fiscal year 2015. The company faced significant challenges, reporting a net loss of SAR 103.7 million, primarily driven by losses from its subsidiaries in Jordan. In response, MESC initiated cost-reduction measures, inventory management reforms, and collection policy updates. The report also details the company's corporate governance, board activities, and its plan for transitioning to International Financial Reporting Standards (IFRS) by 2017.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available