Settlement in favor of Agility

Agility Public Warehousing Company KSC and a co-claimant have agreed to settle claims against a third party for USD 60 Million. The terms of the settlement agreement are confidential however; Agility’s share of the settlement proceeds is approximately USD 30 million.

The impact of this settlement and the timing of its recognition shall be determined on the basis of international accounting standards subject to the review and approval of our auditors.