KEC International issues $13.2m corporate guarantee for subsidiary

KEC International Limited announced the issuance of a corporate guarantee totaling $13.20m on August 26, 2025. This guarantee was provided on behalf of its subsidiary, Al Sharif Group & KEC Limited Company, to an overseas bank. The bank has extended banking facilities to the subsidiary.

The guarantee, issued in favor of an overseas bank, is explicitly stated to be a contingent liability for KEC International Limited. The company clarified that there is currently no impact on its financial position as a result of this guarantee.

The transaction, involving the promoter/promoter group/group companies, was disclosed as not having any interest from these entities. Suraj Eksambekar, company secretary and compliance officer, signed the announcement for KEC International Limited.