Agility would like to announce that one of its subsidiaries, Tristar Transport LLC, headquartered in the UAE has signed an agreement to acquire HNA Group’s 51% stake in HG Storage International Limited, a joint venture between HNA group and the Glencore group, one of the world’s largest natural resource companies.

Under the terms of the deal, Tristar will acquire a majority holding in a portfolio of storage assets owned by HG storage International Limited, spread across 8 countries from Europe, the Americas, Middle East and Africa. Glencore will continue to hold the remaining 49 percent stake.

The deal is valued at USD 215 million (around KD 65 million) for the 51% stake and will add in excess of 3 million cubic meters of fuel storage capacity to the Tristar portfolio and extend the company’s global presence to 29 countries across the globe.

Closing of the transaction is subject to certain conditions precedent and is expected during the second quarter of this year.

The acquisition financial impact will be reflected on the company’s financials when the deal is finalized which is expected towards the second quarter of 2022.

Best Regards,
Investor Relations Team

Latest Financial News


May 16, 2022

Agility’s General Assembly Meeting

Dear Investor, Agility Public Warehousing Company, held its Ordinary General Assembly Meeting for the year ending 31st  December 2021, today, …


May 16, 2022

Agility’s Q1 2022 Earnings Release

Agility today reported first quarter 2022 earnings of 6.07 fils per share on net profit of KD 12.8 million, an increase of 1% over the same period in 2021 which included earnings from discontinued operations (GIL).


May 15, 2022

Agility’s Q1 2022 Earnings Webcast

Agility will hold its First Quarter 2022 Earnings Webcast on Thursday May 19, 2022 at 2:00 pm (Kuwait Time). Please …


May 12, 2022

Ruling in cases number 1480/1487 for the year 2015 Administrative 1

Date 12 May 2022 Company Name Agility Public Warehousing Company KSCP (“Agility”) / for its Subsidiary Global Clearing House Systems …