Kuwait’s Agility signs KD-50-mln credit facility with local bank

Kuwait’s Agility group has signed a new credit facility worth KD 50 million (around USD 151.5 million) with a local bank.

The group has thus raised KD 915 million (around USD three billion) and is expected to finalize this round of financing with around KD one billion (USD 3.2 billion) in total facilities as previously disclosed, Agility said in a disclosure on Boursa Kuwait.

Established in 1979 and registered with Boursa Kuwait in 1984 with a licensed capital of KD 350 million (about USD 1.06 billion), Agility is a leading company in Middle East, South Asia and Africa in warehousing and logistics.

Source: Kuwait News Agency

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