ALPHA TRIBE

KEC International LimitedOthers, 26-08-2025: Giving guarantees/indemnity/ becoming a surety for third party

26-08-2025 | 08:33 pm

KEC International has issued a Corporate Guarantee for USD 13.20 Million on behalf of its subsidiary, Al Sharif Group & KEC Limited Company. This guarantee was provided to an overseas bank that extended banking facilities to the subsidiary. The issuance creates a contingent liability for KEC International. Currently, the company states there is no direct impact on its operations or financial position from this guarantee. This move supports the subsidiary's financing needs, which is relevant for overall group business.

No comments yet. Be the first to comment!

All announcements from KEC International Limited