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

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