Completion of the sale of Global Integrated Logistics Business (GIL) to DSV Panalpina A/S
Today, Agility expects to complete the previously announced agreement whereby DSV Panalpina A/S ("DSV") acquires Agility's Global Integrated Logistics business ("GIL"), which is the global logistics division of Agility Public Warehouse Company K.S.C.P. ("Agility").
Agility Reports KD 38.6 Million Net Profit for the Second Quarter 2021
ility, a leader in supply chain services, innovation and investment, today reported second quarter 2021 earnings of 18.32 fils per share on net profit of KD 38.6 million, an increase of 503.7% over the same period in 2020. EBIT increased 202.6% to KD 29.6 million, and revenue grew 26.6% to KD 112.2 million.
Supplemental Disclosure – Agility’s Investment in Reem Mall
Reference to our previous disclosure dated April 21, 2021, regarding Agility’s investment in Reem Mall project, Agility would like to announce an amendment to the previous facility of KD 144.5 million as convertible debt given to Farwaniya.
Commenting on the News Published in a Local Newspaper
With reference to the news published in a local newspaper on 03/08/2021 announcing that the European Commission clears the acquisition of GIL (a subsidiary of Agility) by DSV Panalpina and with reference to Agility’s announcement dated 27/04/2021 regarding the DSV deal