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 | 28th August 2024 |
| Company Name | Agility Public Warehousing Company KSCP “Agility” |
| Previous Disclosure Title | Convertible Loan Agreement with a subsidiary |
| Previous Disclosure Date | 13 June 2023 |
| Material Information
|
Reference to our previous disclosure related to the convertible Loan Agreement between PWC Aviation Services Company KSCC (Lending Party) – an indirect subsidiary of Agility – and United Projects for Aviation Services Company KSCP – UPAC – (Borrowing Party), to fund the development of Reem Mall in Abu Dhabi, Agility would like to announce the signing of an addendum to this agreement to increase the limit from KD 125 million to KD 160 million and extending the maturity one year from the signing date. |
| Impact of the material information on the financial position of the company | There will be no impact, however, those new amounts will be reflected on the company’s financials as Loan to a Related party when used for the requirements of the project, note that the previous limit has been used in full. |
Sincerely,
Investor Relations Team