Agility KSCP Supports Summer Learning for 227 Female Students in Kuwait
Launched as a pilot under the 'Kuwait Codes' initiative in 2023 and officially rolled out in 2024, 'Academy X' returns for its second year in 2025. The July cohort is a free, six-day program targeting 227 high school and university-level female students, offering hands-on training in business development and AI-powered app design. It also includes modules on public speaking and communication to help participants lead confidently in both technical and business environments.
Agility continues to invest in youth development through partnerships with leading non-profits that expand access to technical and vocational education. Its collaboration with CODED Academy is a standout example. Since launching as a pilot in 2023, 'Academy X' has grown steadily, equipping more than 500 young women with coding and entrepreneurship skills to date. The broader partnership with CODED, which began in 2022, has reached over 2,450 female students. Agility's support underscores the private sector's role in advancing digital literacy, innovation, and inclusive growth.
More broadly, Agility's 2025 CSR program aims to reach over 5,000 individuals across Kuwait through initiatives focused on education, technology, and entrepreneurship, building on two decades of collaboration that have reached over 51,000 people across the country.
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Arab Times
a day ago
- Arab Times
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'As the largest shareholder in Agility KSCP, NREC recognized its proportionate share of this impact during the period. It is important to emphasize that this one-off, non-cash accounting adjustment does not reflect the underlying economic value of Agility Global, which continues to deliver strong performance, nor does it affect the solid fundamentals of NREC's business.' 'We remain firmly committed to enhancing the performance of our core assets while actively pursuing growth opportunities in our key markets. With a clear strategy and a resilient portfolio, we are well-positioned to create sustainable, long-term value for our shareholders and to capture the growth potential ahead.' Key Projects Update Reem Mall – Abu Dhabi: 219 Active Units and Bright Prospects Sultan stated: 'Since opening in May 2024, Reem Mall has quickly become a premier retail and lifestyle destination in Abu Dhabi. 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Arab Times
a day ago
- Arab Times
Agility Reports KD 8.7 million Net Profit from Continuing Operations in Q2 2025, 196% increase from same period last year
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Arab Times
5 days ago
- Arab Times
Agility Global PLC Reports Q2 2025 EBIT of $97 Million
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Tristar delivered steady top-line growth and operational ramp-up; however, the lower-margin profile of this growth, compounded by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our operational momentum and underlying business fundamentals remain strong.' Sultan added: 'Our diversified portfolio, spanning critical logistics infrastructure across high growth markets, enables us to navigate global economic headwinds effectively. We continue to execute on our strategy, focusing on disciplined growth and value creation.' Controlled Segment For Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was $179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled businesses was $174 million; EBITDA was $339 million; and revenue $2,343 million. Aviation Services: Menzies Menzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the same period in 2024. 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The 17.3% revenue growth over Q2 2024 was mainly driven by the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. Although the retail fuel business is a low margin business today, Tristar is gaining a strong market presence and expects profit margins to improve in 2026 as efficiencies are realized, and the network expands. The maritime segment continued to face market headwinds during the quarter, but management remains confident in the long-term potential of this segment. Industrial Real Estate: Agility Logistics Parks (ALP) Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase from the same period last year. EBIT stood at $10 million. Strong demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, particularly Riyadh. ALP's ongoing development of 226K SQM of new warehousing space is progressing and on schedule; some units have already been delivered, and the remainder are scheduled for delivery during the remaining months of 2025. The GCC warehousing sector is experiencing robust demand driven by e-commerce growth, 3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where demand for modern logistics infrastructure is underserved. As of June 30, 2025, Agility Global's investment segment stood at $5.5 billion in asset value. The segment's key assets include stakes in DSV and Reem Mall. ●tDSV, Agility Global's largest investment holding, delivered solid Q2 2025 performance, underpinned by continued organic operational strength. The DB Schenker integration remains largely on track. While the share price has been volatile over the period, we are managing our equity collar with prudence to protect downside risk and restructure upside potential in line with DSV's intrinsic performance. Agility Global's DSV investment value has increased by 12% YTD. ●tAgility Global is an investor in Reem Mall on Abu Dhabi's Reem Island, Abu Dhabi's latest signature shopping, dining, and entertainment family destination, spanning around 183.4K sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable entertainment and home furnishing concepts, the mall will be home to around 400 international and local brands. One of the prominent recent openings was Sharaf DG, an expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it the largest store of its kind in Abu Dhabi. As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking months for footfall and tenant sales in May and June where key metrics have increased by 30% and 40% respectively.
