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Kuwait's Agility Public Warehousing Company has signed a new credit facility with a local bank for KD50 million ($163 million) as part of its refinancing programme.
With the new credit facility, Agility has so far raised around $3 billion, the company notified the stock exchange. Agility expects to finalise the financing round with around $3.2 billion.
Agility, a long-term investor and operator in supply chain services and infrastructure, reported $41 million net profit for the third quarter of 2022.
Agility has a market cap of more than $7 billion and employs over 50,000 people across several countries. It acquired British aviation services company John Menzies for $924.37 million in August 2022.
(Writing by Seban Scaria; editing by Daniel Luiz)
