UAE - Mubasher: Agility Global, a subsidiary of Agility Public Warehousing, has started trading on the Abu Dhabi Securities Exchange (ADX).
The parent company Agility, listed on the Boursa Kuwait and Dubai Financial Market (DFM), will remain the controlling shareholder in Agility Global with a 51% stake, according to a bourse filing.
Tarek Sultan, Vice Chairman of Agility, said: “Agility […] will continue to invest and grow in the country, supporting the government’s Kuwait Vision 2035. The listing of Agility Global on the ADX crystalises the value of our assets and enables the company to access additional capital markets to drive further growth.”
“Agility Global’s listing gives global and regional investors an additional opportunity to be part of the Agility growth story going forward and rewards our existing shareholders in Kuwait and beyond,” Sultan added.
Agility Global's international assets encompass Menzies Aviation, the world's largest aviation services provider; Tristar, a global leader in fuel and chemicals storage, shipping, and logistics; and Agility Logistics Parks, a top owner and developer of industrial real estate in the Middle East, Africa, and South Asia.
Additionally, their portfolio features a 9% stake in DSV, the world's third-largest freight forwarder.
In 2023, Agility partnered with Egypt’s Hassan Allam Utilities to establish Yanmu, a joint venture (JV).
This collaboration aims to facilitate the development, construction, and operation of modern logistics parks and Grade A warehousing facilities in Egypt.
