Agility Global

On March 27, 2024, Agility announced that its Board approved an in-kind dividend distribution in the form of 49% of the issued share capital of its subsidiary, Agility Global PLC. Agility Global PLC is incorporated in the Abu Dhabi Global Market (ADGM) and is pursuing a listing on the Abu Dhabi Securities Exchange (ADX).

Agility Global PLC is a wholly owned subsidiary of Agility that manages certain company operations and assets, notably Menzies Aviation, the company’s investment in Tristar Transport LLC, the operations of Agility Logistics Parks outside Kuwait, and the DSV investment.

Following the distribution, Agility, a listed company on the Kuwait Stock Exchange and Dubai Financial Market, will remain the controlling shareholder in Agility Global PLC with a 51% stake. Agility will continue to consolidate accounts for Agility Global PLC even after listing.