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 | December 09, 2021 |
| Company Name | Agility Public Warehousing Company KSCP “Agility” |
| Previous Disclosure Title | Supplemental Disclosure – Agility’s Investment in Reem Mall |
| Previous Disclosure Date | August 10, 2021 |
| Material Information
|
Reference to our previous disclosure dated August 10th 2021, regarding Agility extending short term debt to UPAC to invest in Farwaniya Property Developments LLC (“Farwaniya”), the company responsible for the development of Reem Mall in Abu Dhabi, Agility would like to announce that an amount of around KD 26 million has been settled as part of this loan, via a refund due from a credit facility utilized to fund the Reem Mall project. |
| Impact of the material information on the financial position of the company | The amounts will be reflected on the Company’s financial statements in Q4 2021 |
Best Regards,
Investor Relations Team