Dear Investor,
Please find below our statement to the Stock Exchange:
| Date | 17/01/2022 |
| Company Name | Agility Public Warehousing Company KSCP |
| Case Number | The 3 consolidated cases no. 4896, 5572, 6276 / 2019 Commercial/Civil/Government |
| Case Subject |
1- Case no. 4896/2019 filed by Agility to confirm the continuation of the lease agreement for plot 4 in south Amghara industrial 2- Case no. 5572/2019 file by the Public Authority for Industry requesting Agility to vacate and pay the rentals for phase 4 3- Case no. 6276/2019 file by the Public Authority for Industry to vacate and pay the rentals for phase 4 |
| Date of the decision | 16/01/2022 |
| Court Decision | Court of First Instance |
| Parties involved | Agility Public Warehousing Company KSCP against the general director of the Public Authority of Industry and others |
| Decision in favor of | The general director of the Public Authority of Industry and others |
| First Instance court decision |
The court has ruled 1- Accepting to add Joza Saad Marzouk, Manouwa Suleiman Akash Al Enezi, Al Sadeek Al Moutamiaz for General trading and contracting and Banyan Al Jazeera for General Trading and Contracting. 2- In case 4896/2019 first To reject the case and have Agility pay the fees and KD 1000 legal fees Second: end the lease agreement between Agility and PAI and consider the defendant as a trespasser and request Agility to pay the rent from 1/1/2018 and a penalty of KD 80 KD for every day delay until handing over the plot, and expedite the enforcement of the ruling without guarantee. |
| Appeal court decision | Not applicable |
| Cassation Court Decision | Not applicable |
| Financial Impact | There is no material impact at this time as this judgment was issued by a court of first instance and is not final. Agility will appeal the judgment. |
Best regards,
Investor Relations Team