Reference to our previous disclosure dated March 23, 2021, Agility would like to announce that Tristar Transport PJSC (“Tristar”), Today announced that its board and existing shareholders have decided to withdraw its planned initial public offering (the “IPO” or the “Offering”) on the Dubai Financial Market (“DFM”) as existing shareholders’ expectations were not met.
The board and existing shareholders believe that greater returns can be realized executing Tristar’s current growth strategy under the established shareholder structure.
Sincerely,
Investor Relations Team