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April 22, 2021

Legal case no. 3538 and 4542 for the year 2020 Commercial/Civil/Government

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Date 22/04/2021
Company Name Agility Public Warehousing Company KSCP “Agility”
Case Number Legal case no. 3538 and 4542 for the year 2020 Commercial/Civil/Government
Case Subject The contract between the Public Authority of Industry (“PAI”) and Agility for phase 5 located in South Amghara area.
Date of the decision 20/04/2021
Court Decision First Instance
Parties involved Public Authority of Industry and Agility
Decision in favor of Public Authority of Industry
First Instance court decision   The court of first instance resolved in case no. 3538/2020 Commercial/Civil/Government  that (i) it is ascertained that the lease agreement between Agility and PAI for phase 5 located in South Amghara area with an area of 427,164 sqm has ended as of July 7, 2020 and Agility to vacate the location and hand it over to PAI and (ii) the company has to pay to PAI an amount of KD 44,237.806 against the use of the land from 4/8/2020 until the date of the court judgment, in addition to the expenses and KD 10 for legal fees. The court also dismissed case no. 4542/2020 and requested the company to pay the expenses and KD 10 against legal fees.
Appeal court decision   NA
Cassation Court Decision   NA
Financial Impact No impact at the moment as the company will appeal this decision
Supplemental Disclosure – Agility completes its refinancing program
Next Board of Directors Meeting

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January 18, 2023

Supplementary Disclosure related to the Leasing Contracts with the PAI

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