Supplemental Disclosure: Agility’s NAS concession in Afghanistan

 

Date 02 November 2020
Company Name Agility Public Warehousing Company KSCP
Previous Disclosure Title Statement from Agility
Previous Disclosure Date 08 October 2013
Development on previous disclosure Reference to our previous disclosure dated 8 October 2013, regarding Agility’s subsidiary, National Aviation Services’ (NAS) award of the exclusive right to provide comprehensive ground handling airport services at Kabul, Kandahar, and Herat International Airports in the Islamic Republic of Afghanistan for ten years (10 years).

Agility would like to announce that theAfghanistan Civil Aviation Authority has terminated the contract as of 04 November 2020.

NAS reserves all its rights to take the necessary actions to challenge and object to the termination decision before the competent authorities and institutions.

Financial impact Loss of revenue from this contract estimated at around $13 million per year (around KD 4 million).

 

Best Regards,

Investor Relations Team