United Energy Group (00467) completes reserve financing loan arrangement

Zhitong Finance App News, United Energy Group (00467) issued an announcement. According to the Mutual Agreement (CTA) and all other financing documents, all prerequisites have been met in accordance with the provisions of the financing documents, and the financing withdrawal was officially completed on December 4, 2025.

On November 28, 2025, Kuwait Energy Basra Limited (KEBL), a wholly-owned subsidiary of United Energy Group Limited (KEBL), handled a reserve financing loan of US$346 million secured by KEBL's upstream oil and gas interests in Iraq, the Arab Energy Fund (TAEF) and the lead arrangement with the initial appointment of the Arab Energy Fund (TAEF), and the lead arrangement company Kuwait Finance House B.S.C (c) DIFC Branch and Tock Group sign CTA. This syndicated financing includes two parts: traditional financing and Islamic financing. After the transaction is completed, the Company will continue to maintain a strong balance sheet and a sound capital structure.

The success of this syndicated financing reflects the strong confidence of major regional and international financial institutions in the company's excellent operating performance and overall stable financial situation in Iraq. With stable cash flow generation capacity and a sustainable operating model, the Company will, as always, adopt prudent financial policies and responsible capital planning to support the long-term financial stability of the company.

The Company will continue to work to optimize its capital structure, support the steady growth of its core business, and create long-term value for all shareholders.