Reference to the above-mentioned subject; Agility Public Warehousing Company would like to announce the below material information:
Date | 29/06/2025 |
Name of Listed Company | Agility Public Warehousing Company K.S.C.P (“Agility”) |
Previous Disclosure Subject | Supplemental Disclosure related to a Short-Term Facility |
Date of previous Disclosure | 23 / 03/ 2025 |
Material Information update: | Reference to our previous disclosure, Agility Global, a subsidiary of Agility, would like to announce that Al Farwaniya Project Development Company (“AFPD”), the company responsible for the development of Reem Mall, as part of its refinancing program, has signed an incremental commitment into the existing multiyear credit facility guaranteed by Agility Global, with the second bank adding a further $100 million. The proceeds of this incremental loan increase will be used to partially settle the short-term facility given to AFPD by one of Agility Global’s subsidiaries. |
Impact of the material information on the financial position of the company | The repayment amount will be reflected in the group’s consolidated financials by bringing down the facility outstanding balance. |
Best Regards,
Investor Relations Team