Latest news with #AgilityKSCP
Arab Times
a day ago
- Business
- Arab Times
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035
KUWAIT CITY, June 19: Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: ● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. ● Contributing to the development of new economic zones such as the Northern Area project. ● Customs modernization and supply chain enablement. ● Industrial real estate and warehousing. ● Industrial waste management and recycling infrastructure. ● Development of major data centre projects. ● Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: ● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. ● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. ● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. ● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.
Zawya
3 days ago
- Business
- Zawya
Kuwait Agility plans to invest over $326mln through 2030
Agility Public Warehousing Company KSCP (Agility KSCP) said it will invest more than 100 million Kuwaiti dinars ($326.5 million) by 2030 in projects including the development of new economic zones, data centers, and to strengthen supply chains. To support these initiatives, Agility KSCP will distribute an in-kind dividend consisting of approximately 20% of its stake in Agility Global PLC, which is listed on the Abu Dhabi Securities Exchange (ADX). Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares they hold in Agility KSCP. This move is expected to increase Agility Global PLC's free float, improve share liquidity, and enhance price discovery. The company hopes that these changes will position Agility Global PLC for "greater visibility and potential inclusion in key equity indices". In a separate statement to the ADX, Agility Global PLC, which is 51% owned by the Kuwait logistics firm, confirmed the approval of an increase in a loan to $110 million, provided by one of its subsidiaries to Agility KSCP. Additionally, following regulatory approval, Agility Global PLC will repurchase 615 million of its own shares—equivalent to 5.9% of its share capital—from a subsidiary of Agility KSCP. The payment for these shares will be made as a partial settlement of the outstanding loan. Following the share buyback and the in-kind dividend distribution, Agility KSCP's indirect stake in Agility Global PLC, held through its subsidiary, will be reduced to 25%. Earlier this week, Tristar, a unit of Agility Global, signed a $255 million new credit facility with several regional and international banks for refinancing and general corporate purposes. (Writing by Brinda Darasha; editing by Seban Scaria)
Al Bawaba
3 days ago
- Business
- Al Bawaba
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035
Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina for Strategic Alignment with Kuwait Vision 2035Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including:● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port.● Contributing to the development of new economic zones such as the Northern Area project.● Customs modernization and supply chain enablement.● Industrial real estate and warehousing.● Industrial waste management and recycling infrastructure.● Development of major data centre projects.● Promoting the resilience and security of Kuwait's food and health care company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional Impact Through Governance and Capital AlignmentTo better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps:● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction.● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests.● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy.● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic Investors Access to Kuwait's GrowthTarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts."In-Kind Dividend AnnouncementAgility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.
Zawya
3 days ago
- Business
- Zawya
Agility KSCP launches Kuwait-centric strategy supporting Kuwait Vision 2035
KUWAIT – Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. Contributing to the development of new economic zones such as the Northern Area project. Customs modernization and supply chain enablement. Industrial real estate and warehousing. Industrial waste management and recycling infrastructure. Development of major data centre projects. Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion. About Agility KSCP Agility is a leader in supply chain services, infrastructure, and innovation, listed in Kuwait and Dubai. For more information about Agility, visit: For Media Inquiries Saad Al-Barazi | +965 97517143 | saad@
Al Bawaba
19-05-2025
- Business
- Al Bawaba
Agility Reports Q1 2025 Net Profit of KD 12 Million
Agility, a supply chain services, infrastructure and innovation company, today reported Q1 2025 net income of KD 11.6 million, equivalent to 4.65 fils per share. EBITDA stood at KD 67.6 million on revenue of KD 389 million. Note Q1 2025 figures are not comparable to Q1 2024 due to distribution of 49% shares in Agility Global as in-kind dividends that occurred in May 2024. Performance update Agility Vice Chairman Tarek Sultan said: 'We are pleased to report that the year has started on a positive note from an operational perspective. While market conditions remained somewhat challenging, our operating entities continued to demonstrate good organic growth. This performance reflects the strength of our diversified portfolio and the commitment of our teams across the business.'Agility KSCP's performance in the first quarter was primarily driven by Agility Global PLC, which reported an EBIT of USD 92 million and revenue of USD 1,143 million in Q1 2025. These results were supported by strong contributions from its three largest businesses: Menzies, Tristar, and Agility Logistics Parks (ALP). Financial performance for Agility Global in the period was impacted by higher depreciation and interest expenses associated with ongoing investments to support future growth. 'Other businesses in Kuwait remain committed to executing their growth strategies while actively pursuing opportunities to enhance value and returns for shareholders,' Sultan said. 'GCS remained focused on driving operational efficiency and growth, while MRC achieved a significant milestone by securing the contract to develop and operate a Metal Reclamation Facility (MRF) for KNPC and KIPIC refineries — an important addition to our industrial services portfolio." He added: "We're also pleased with the steady progress at ALP Kuwait's S2/South Village project, a strategic commercial and logistics hub designed to serve the growing needs of Sabah Al-Ahmad City. The project is advancing as planned, with first deliveries scheduled for 2025."
