Reference to the above-mentioned subject; Agility Public Warehousing Company would like to announce about a material information as per the below template:
| Date | 09/12/2024 |
| Name of Listed Company | Agility Public Warehousing Company K.S.C.P (“Agility”) |
| Material Information | Agility would like to announce that it’s indirectly owned subsidiary, Agility Logistics Parks (ALP) has signed a strategic partnership with Riyadh Development Company (ARDCO), a leading Saudi property development and management company, to build a state-of-the-art warehousing in Riyadh. ALP’s contribution to this partnership is 60%.
The total project value is SAR 227m (around KD 23 m) and involves construction of 58,000 SQM of Grade A warehousing on a 97,904 SQM parcel of land in Riyadh. The project construction duration is 2 years and will commence in the first half of 2025. |
| Impact of the material information on the financial position of the company | The Capex will be reflected on the company’s financials during the construction period. |
Best Regards,
Investor Relations Team