Reference to our previous disclosure dated August 7th, 2022, Agility would like to disclose as part of its refinancing program that was initiated last year, Agility has signed a new credit facility with a local bank for KD 50 million.
With this, Agility has so far raised around USD 3 billion equivalent to KD 915 million and expects to finalize this round of financing with around USD 3.2 billion (~KD 1 billion) in total facilities as previously disclosed.
Impact on the financial position of the company: Only amounts drawn from the facility will be reflected in the company’s financials.
Best Regards,
Investor Relations Team