Latest news with #AgilityPublicWarehousing
Zawya
2 days ago
- Business
- Zawya
Abu Dhabi-listed Agility Global signs $500mln credit facility
The Abu Dhabi-listed Agility Global, a subsidiary of Agility Public Warehousing Company, has signed $500 million credit facility. The facility has a maturity of three years of signing, dated June 10, 2025, with certain extension options. Agility Global, which is 51% owned by the Kuwait logistics giant Agility Public Warehousing Co., said the credit facility will be used to fund ongoing operations and future growth. (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
2 days ago
- Business
- Zawya
Kuwait's MRC to start operations at steel recycling plant in 2025
The steel recycling plant of Kuwait-based Metal Recycling Company (MRC) is under construction and expected to begin operations this year. The disclosure was made in Kuwait- and Dubai-listed Agility Public Warehousing Company's sustainability report 2024. Once operational, the plant will have the capacity to recycle about 60,000 tonnes of scrap metal annually, thereby avoiding 20,000 to 90,000 tonnes of CO2e emissions each year. The company operates four out of five of Kuwait's medical incineration facilities, collectively processing 40 tonnes of waste daily — around 14,600 tonnes each year. MRC has also obtained a license for recycling used batteries, with operations set to start in 2025, the report stated. In 2024, the company was awarded a letter of award from the Kuwait National Petroleum Company to build a new spent catalyst metal reclamation facility in Kuwait. The facility will treat and reclaim precious metals from spent catalysts using a zero-waste process, reducing both the cross-border transportation of hazardous waste and its associated carbon footprint. The facility is expected to be operational in the coming years, the report added. (Writing by P Deol; Editing by Anoop Menon) (
Trade Arabia
25-05-2025
- Business
- Trade Arabia
Agility set to distribute 10pc cash dividends for FY2024
Agility Public Warehousing Company, a leading supply chain services, infrastructure and innovation company, has announced that the board, impressed with the company's FY 2024 results, has decided to distribute 10% cash dividends (equivalent to 10 fils per share) to its shareholders. In 2024, the Kuwaiti group had recorded a full year revenue of KD1.52 billion ($4.93 billion), while its net income stood at KD63 million (equivalent to 25.07 fils per share). Ebitda stood at KD277 million. The announcement came after the board won approval from its shareholders at its Annual Ordinary General Assembly Meeting last week held with a quorum of 63.7%. Listed in Kuwait and Dubai, Agility specializes in growing and scaling operating businesses. Agility's portfolio of companies include the world's largest aviation services company (Menzies Aviation); a global fuel logistics business (Tristar); and a leading logistics parks developer and operator across the Middle East, South Asia, and Africa (Agility Logistics Parks). Other Agility companies offer customs digitization services, remote-site infrastructure services, defense and government services, ecommerce-enablement and digital logistics, and waste management and recycling. Agility board said these dividends are entitled for the shareholders who will be registered on the company's shareholders' record on the settlement date (June 25). Dividends will be distributed on June 30. In addition to this, the company's shareholders approved all the items on the agenda, including Agility's audited financial results for the year 2024. The AGM also elected a new board of directors for the next three years with the following new non-independent members: *Arab Market General Trading and Contraction Co represented by Faisal Al Sultan *White Tower General Trading and Contracting represented by Tarek Abdulaziz Sultan Al Essa *Abdulaziz Nader Al Essa *Public Institution for Social Security (appointed) The independent members in the new board are Naser Mohammad Fahad Al Rashed; Sultan Anwar Al Essa and Abdulmajeed Hajji Hussein Al Shatti.- TradeArabia News Service
