|Date||April 19, 2021|
|Company Name||Agility Public Warehousing Company KSCP “Agility”|
|Previous Disclosure Title||Agility Signs a Credit Facility Agreement|
|Previous Disclosure Date||January 21, 2021|
|Development on previous disclosure||Reference to our previous disclosure dated January 21, 2021, Agility would like to announce the completion of its refinancing program through agreements with lenders on three-year and five-year revolving credit lines worth $1.43 billion (around KD 425 million). The new loans comprise both syndicated and bilateral facilities — in both conventional and Islamic lending formats – involving 16 current and new local, regional and international lenders.
The purpose of those loans is to provide the company with incremental liquidity to fund the growth of its businesses.
|Impact of the material information on the financial position of the company||The amounts will be reflected on the Company’s financials as and when they are withdrawn.|
Investor Relations Team