Date | April 19, 2021 |
Company Name | Agility Public Warehousing Company KSCP “Agility” |
Previous Disclosure Title | Agility Signs a Credit Facility Agreement |
Previous Disclosure Date | January 21, 2021 |
Development on previous disclosure | Reference to our previous disclosure dated January 21, 2021, Agility would like to announce the completion of its refinancing program through agreements with lenders on three-year and five-year revolving credit lines worth $1.43 billion (around KD 425 million). The new loans comprise both syndicated and bilateral facilities — in both conventional and Islamic lending formats – involving 16 current and new local, regional and international lenders.
The purpose of those loans is to provide the company with incremental liquidity to fund the growth of its businesses. |
Impact of the material information on the financial position of the company | The amounts will be reflected on the Company’s financials as and when they are withdrawn. |
Sincerely,
Investor Relations Team