Coporate guarantee on behalf of Kaya DMCC stands cancelled
Kaya announced that in reference to the corporate guarantee provided by the Company on behalf of Kaya Middle East DMCC (Kaya DMCC), wholly owned subsidiary of the Company, for payment of AED 22,500,000 by Kaya DMCC for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah, kaya is in receipt of letter dated 25 December 2016 issued by Kaya DMCC confirming the settlement of consideration amount. Hence, the corporate guarantee provided by the Company stands cancelled on payment of the consideration amount by Kaya DMCC.Powered by Capital Market - Live News
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