Dear Investor,
Reference to the above mentioned subject and the regulations set by the Capital Market Authority (CMA) regarding the disclosure of material information, Agility Public Warehousing Company KSCP would like to announce that one of its subsidiaries, Tristar Transport, has entered into an agreement to buy all the shares of Emirates Ships Investment Company LLC (Eships) for a value of USD 90 million.
Eships is a leading UAE company in marine transportation which will strengthen Tristar’s regional and international operations.
Tristar is working on financing this deal through debt and equity, and it is expected that the acquisition process to be finalized in the coming few months. Upon completing the process, the impact of this acquisition will be reflected on Agility’s financials as per the value adopted by the auditors.
Sincerely,
Investor Relations Department
Agility Public Warehousing Company