Reference to our previous disclosure dated 13th May 2018, Agility would like to announce that is has refinanced and increased its credit facility line from $725 million (around KD 219 million) to $800 million (KD 240 million) with existing and new local, regional and international banks. Part of this facility has a 3 years term and the other for 5 years.
In addition to the $800 million facility, Agility is also working to refinance its other existing bilateral facilities and increase its available credit lines to $1.2 billion – $1.4 billion (around KD 360 million – KD 423 million). The purpose of these facilities is to finance Company’s growth plans.
Investor Relations Team