KEC International Ltd Issues Corporate Guarantee for Subsidiary Company

KEC International Ltd, a well-known name in the industry, has recently issued a corporate guarantee on behalf of its subsidiary company, Al Sharif Group & KEC Limited. The guarantee, amounting to SAR 125 Million, was issued on April 08, 2026, in favor of an overseas bank that has extended banking facilities to the subsidiary company. This guarantee is a potential contingent liability for the company, but currently, there is no impact on the company. The promoter/promoter group/group companies are not interested in this transaction, ensuring it is done at 'arms length'.