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Agility Global Begins Trading on Abu Dhabi Securities Exchange

Multi-business owner and operator and long-term investor present in 70+ countries owns portfolio of sector-leading businesses and assets

The Agility Global leadership team at the ADX listing ceremony in Abu Dhabi, U.A.E.

ABU DHABI – MAY 2, 2024 – Agility Global PLC (“Agility Global”), a multi-business operator and long-term investor in sector-leading global and regional businesses, announced that its shares are now trading on the Abu Dhabi Securities Exchange (ADX), one of the fastest growing stock exchanges in the world. This listing brings the number of companies on ADX to 97 companies.

Agility Global has revenues of USD 3.9 billion, EBITDA of USD 0.6 billion, 50,000 employees and operations in 70 countries.

Agility Global’s international assets include Menzies Aviation, the world’s largest aviation services provider, Tristar, a global leader in fuel and chemicals storage, shipping and logistics, and Agility Logistics Parks, a leading owner and developer of industrial real estate in the Middle East, Africa and South Asia. Agility Global’s portfolioalso includes a 9% stake in DSV, the world’s third-largest freight forwarder.

Agility Global Chairman Tarek Sultan said: “Agility Global is one of the region’s most exciting growth stories. We are a company with diversified assets in growing sectors, run by an experienced management team with a proven record of long-term value creation. Our portfolio businesses are global and regional leaders in their sectors. We have a strong balance sheet, a sharp focus on shareholder value, and a deep commitment to ESG best practices. Agility Global’s ADX listing highlights the ADX’s role as a hub for diversified growth companies with strong potential for value creation across a variety of industries, and the ability to attract global and regional investors.”

Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “We are pleased to welcome Agility Global to the ADX family and add to the dynamism of our listing platform. Agility Global’s diverse portfolio of businesses and assets complement and support the growth of various key sectors in the UAE, and it provides local and foreign investors with new investment opportunities via ADX. This listing is an extension of ADX’s ongoing commitment to bolster Abu Dhabi’s economic strategy and foster greater sustainable growth in the UAE and the wider Middle East region.”

We note that Agility Global’s shares rose 300% in its debut trading on ADX and closed as one of the top gainers in market value and volume.  Their performance reflected thelocal and regional investors’ interest in this new addition and demonstrated the market’s support.  We welcome more regional and international issuers to tap on ADX’s capital market to fulfill their growth ambition.”

First Abu Dhabi Bank PJSC, Morgan Stanley & Co., Citigroup Global Markets Limited acted as financial advisors. Kuwait Financial Centre “Markaz” facilitated the process for shareholders to receive their in-kind dividend distributions.

About Agility Global

Agility Global is a multi-business operator and long-term investor in global and regional businesses. Its portfolio of diversified assets includes the world’s largest aviation services company (Menzies Aviation); a global fuel logistics business (Tristar); a leading logistics parks developer and operator across the Middle East, Africa and South Asia (Agility Logistics Parks); and other businesses in digital logistics, e-commerce logistics, remote-site services, and public-sector logistics. It holds minority stakes in DSV, the world’s third-largest freight forwarder; Reem Mall, a mega-mall in Abu Dhabi; commercial real estate and supply chain companies in the GCC, and emerging technology companies in e-commerce enablement, energy transition, digital supply chain, and more. Agility Global has a global footprint across six continents and 70+ countries, with a workforce of 50,000 employees. It is publicly listed on the Abu Dhabi Securities Exchange (ADX).

Agility Global Press Contact
Nadia Saleem
[email protected]
+971 (0)55 846 0919

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a “Public Entity” to a “Public Joint Stock Company PJSC” pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE “Towards the next 50” agenda. The national plan charts out the UAE’s strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.

For more information, please contact: 

ADX Press Contact
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
+971 (50) 668 9733
[email protected]

Disclaimer

First Abu Dhabi Bank PJSC is authorized and regulated in the UAE by the Central Bank of the UAE and the SCA

 

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