KEC International Limited — Others, 14-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

KEC International has extended a corporate guarantee of AED 175 Million on behalf of its subsidiary, Al Sharif Group & KEC Limited Company, until August 14, 2028. This guarantee was initially issued to an overseas bank providing banking facilities to the subsidiary. The extension ensures continued financial backing for the subsidiary's operations. While this corporate guarantee represents a contingent liability for KEC International, the company has stated there is currently no direct financial impact. This move underlines the parent company's commitment to its international business interests.