Finalizing the conversion of the loan from Agility Investment Holding Limited into equity in NREC
Further to our previous disclosure dated February 8, 2017, regarding the investment of Agility Public Warehousing Company KSCP “Agility” through one of its subsidiaries “Agility Investment Holding Limited”, in National Real Estate Company KSCP “NREC” through a convertible debt for a value of KD 31 million, Agility would like to disclose that after obtaining all the required approvals, this debt has been settled by converting it into 272,800,000 shares in the capital of NREC with a nominal value of 100 fils per share and a share premium of 5,266,764. This represents 20% of NREC Capital.
Investor Relations Department
Agility Public Warehousing Company