Agility Holds its Annual General Assembly Meeting

KUWAIT – May 28, 2024 – Agility, a global leader in supply chain services, infrastructure, and innovation, held today its Ordinary Annual General Assembly Meeting for the year 2023, with a quorum of 65.6%.

The company’s shareholders approved all items on the agenda, including Agility’s audited financial statements, and the Board of Directors’ recommendation to distribute a cash dividends of 10%, equivalent to 10 fils per share for the year 2023. Those dividends are eligible for shareholders registered on the company’s shareholders’ records on the settlement date which is June 13th 2024.

Agility Vice Chairman Tarek Sultan said: “Agility delivered on a track record of positive momentum in 2023, despite ongoing volatile markets and the challenging macro environment. Agility ended the year with a 42.4% growth in EBITDA, driven by strong performance across our operating entities. We enter 2024 optimistic about the future and the opportunities to grow both globally and in Kuwait, driving value for our shareholders, employees, customers, and communities.”

‌“As always, we thank our shareholders, customers, employees, and partners for their trust and support in Agility,” Sultan concluded.

Agility reported full-year net profits of KD 83.6 million, or 32.7 fils per share, an increase of 22%. Full-year EBITDA was up 42.4% to KD 257.2 million and revenue increased 56.7% to KD 1,353 million.

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About Agility

Agility is a global leader in supply chain services, infrastructure, and innovation with 54,000+ employees across six continents. Listed in Kuwait and Dubai, Agility specializes in growing and scaling operating businesses. Agility’s portfolio of companies include the world’s largest aviation services company (Menzies Aviation); a global fuel logistics business (Tristar); and a leading logistics parks developer and operator across the Middle East, South Asia, and Africa (Agility Logistics Parks). Other Agility companies offer customs digitization services, remote-site infrastructure services, defense and government services, ecommerce-enablement and digital logistics, and waste management and recycling. Agility invests in supply chain innovation, sustainability, and resilience, and has minority holdings in a portfolio of listed and non-listed companies.

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