Maha Energy has teamed up with Keo World to finance the latter’s corporate credit card program in Latin America.

Maha Energy and Keo World Collaboration

The partnership involves establishing a secured revolving credit facility of up to USD 100 million, which will support Keo’s B2B payment solutions and corporate credit card offerings over three years, with an annual interest rate of 12%. The facility is backed by 100% of credit card receivables and available cash at Keo SPV.

The proceeds from this facility are intended to be used by Keo SPV to provide US-denominated credit to businesses with strong credit profiles. These funds will facilitate virtual B2B purchases, corporate travel, and administrative expenses, under Keo’s issuing licence with a tier US payment rail provider.

Maha Energy’s Strategic Direction

This transaction aligns with Maha Energy’s strategic direction to:

• Enhance cash management efficiency;
• Boost balance sheet profitability;
• Create long-term value for shareholders.

The complete collateralisation of the facility enables securitisation and separates cash flows, thereby increasing its presence with important lenders and reducing credit risk. Additionally, this initiative provides Maha Energy with the option to acquire equity in Keo SPV, potentially benefiting from the growth of Keo’s fintech platform.

About Maha Energy

Maha Energy AB is an international-listed oil and gas company focusing on active investments in energy, minerals, and related industries. The company seeks to build a diversified portfolio with robust business fundamentals, balanced risk-return profile, and optimal cash flow potential.

In June 2025, Maha Energy initiated a share buy-back program aimed at repurchasing up to 10% of its shares to optimise the company’s structure and provide flexibility for acquisitions and incentive programs. Pareto Securities was responsible for managing the execution of this program.