Why did the firm recently convert from a liability to a joint stock company?
It’s a natural growth step for any company to convert from a liability to a joint stock company because it gives it more reliability for corporate dealings and future expansions. With an access to the public capital markets. It also facilitates future fund-raising through a second offering to finance its anticipated growth. The public listing will enhance the firm’s market position in the cables industry and highlight the advantage that its regional presence provides to the clients from its offices in Saudi Arabia, Dubai and Amman. Please outline details of the company’s latest expansion, what exactly will this involve? MESC has undergone seven consecutive expansions in less than six years. The seventh expansion is considered to be the biggest that the firm has undertaken to date. This was conceptualised primarily due to the massive demand for its cables in the region. The expansion will substantially increase the capacity of the firm’s industrial cables by 30% and manpower will rise b
