Reference to the above-mentioned subject; Agility Public Warehousing Company would like to announce the below material information:
Date | 23/03/2025 |
Name of Listed Company | Agility Public Warehousing Company K.S.C.P (“Agility”) |
Previous Disclosure Subject | Agility Global extends a short-term loan facility |
Date of previous Disclosure | 31 / 01/ 2025 |
Material Information | Reference to our disclosure dated 31st January 2025, Agility would like to announce that Al Farwaniya Project Development Company (“AFPD”), the company responsible for the development of Reem Mall, as part of its refinancing program, has signed a multiyear credit facility guaranteed by Agility Global, one of Agility’s subsidiaries, and brought the first bank into that facility with $105 million (around KD 32 million). The proceeds of this loan will be used to settle the short-term facility given to AFPD by one of Agility Global’s subsidiaries. |
Impact of the material information on the financial position of the company | This repayment amount will result in a reduction in the Loan to related party. |
Sincerely,
Investor Relations Team