Maximus International Approves Corporate Guarantee of KES 169 Million

Maximus International Ltd announced that its Board of Directors, in a meeting held on July 8, 2026, approved a corporate guarantee and indemnity for its step-down subsidiary, Quantum Lubricants (E.A.) Limited in Kenya. The guarantee is for a credit facility of up to KES 169,000,000 (approximately USD 1.5 million based on current exchange rates) from Stanbic Bank Kenya Limited. This facility is for the subsidiary, which is indirectly owned through MX Africa Limited. The transaction is stated to be on an arm's length basis, with no interest from the promoter/promoter group in the credit facility or the guarantee.