Regulatory Disclosure: Corporate Guarantee Issuance

Key Transaction Details

  • Guarantee Recipient: Al Sharif Group & KEC Limited Company (subsidiary of KEC International)
  • Guarantee Amount: AED 300 million
  • Issue Date: August 19, 2026
  • Beneficiary: An overseas bank
  • Purpose: To secure enhanced credit facilities extended to the subsidiary

Transaction Characteristics

  • This corporate guarantee substitutes a previous corporate guarantee of AED 181.50 million issued in favor of the same bank
  • The Promoter/Promoter Group/Group Companies have no interest in this transaction
  • The transaction was conducted at arm's length

Financial Impact Assessment

  • The corporate guarantee represents a potential contingent liability for KEC International Limited
  • Presently, there is no immediate financial impact of this guarantee on the company
  • No financial quantification of potential exposure beyond the guaranteed amount was disclosed