KEC International has issued a corporate guarantee of USD 26.67 million on November 3, 2025, for its subsidiary, Al Sharif Group & KEC. The guarantee supports a banking facility extended to the subsidiary. This guarantee is considered a contingent liability, with no immediate impact on the company.
Corporate Guarantee Issued
KEC International has announced the issuance of a corporate guarantee to support its subsidiary, Al Sharif Group & KEC. The guarantee, amounting to USD 26.67 million, was formalized on November 3, 2025.
Details of the Guarantee
The corporate guarantee is in favor of an overseas bank that provides banking facilities to Al Sharif Group & KEC Limited Company. It is intended to enhance the subsidiary’s financial capabilities for its operations.
Impact on KEC International
The company considers this guarantee a contingent liability. Currently, KEC International anticipates no immediate impact on its financials as a result of providing this guarantee.
Source: BSE