ALPHA TRIBE

Maximus International LtdImportant, 08-07-2026: Company Update

08-07-2026 | 04:46 pm

Maximus International's Board has approved providing a corporate guarantee and indemnity for its step-down subsidiary, Quantum Lubricants (E.A.) Limited in Nairobi, Kenya. This guarantee, amounting to KES 169,000,000, supports the subsidiary's credit facility from Stanbic Bank Kenya Limited. This move strengthens Quantum Lubricants' financial position for its operations, with Maximus International standing behind its obligations. The transaction is at arm's length, and promoters have no direct interest in the credit facility.

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