Reference to the above-mentioned subject; and in accordance with Chapter 10 of the Capital Markets Authority’s bylaws of Law No. 7 of the year 2010 on Disclosure and Transparency Agility would like to announce:
| Date | 06 / 02 / 2024 |
| Company Name | Agility Public Warehousing Company KSCP “Agility” |
| Case Number | 93085/2023 Commercial / Civil / Government /29 |
| Electronic Number | 233996610 |
| Case Subject | Request Agility to pay to the Public Authority for Industry (PAI) an amount of KD 31,593,561.644 for the leasing contract No. (208) regarding the plot located in Mina Abdullah area, and any new dues in favor of PAI plus paying the expenses and attorney’s fees.
The Public Authority for Industry added a new request to its requests, which is the ruling to evict the company from the plots subject to contract No. (208) located in Mina Abdullah, and contract No. (211) located in Sulaibiyah extension. |
| Date of the decision | 05/02/2024 |
| Court issuing the decision | Court of First Instance |
| Parties involved | The General Director of the Public Authority of Industry in his capacity against Agility Public Warehousing Company KSCP |
| Decision in favor of | Agility |
| First Instance court decision | The court rejected the case and obligated PAI to pay KD 100 as attorney fees and exempted them from other expenses. |
| Appeal court decision | – |
| Cassation Court Decision | – |
| Financial Impact | Can’t be assessed at the moment. |
Best Regards,
Investor Relations Team