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Earnings at Kuwait’s Agility rise 22% to $61m in 2024

Agility has developed more than 1 million sq m of land, warehousing and logistics infrastructure in Saudi Arabia Agility/X
Agility has developed more than 1 million sq m of land, warehousing and logistics infrastructure in Saudi Arabia

Kuwait-based logistics specialist Agility said first-quarter 2024 earnings rose 22 percent year on year to KD18.7 million ($61 million)

Revenue increased nearly 5 percent year on year to KD336 million, the company said in a statement published on Boursa Kuwait.

The company reported an operating cash flow of KD26 million for the first quarter. Assets stood at nearly KD4 billion.



Agility Global, a 51 percent-owned subsidiary, was listed on the Abu Dhabi Securities Exchange this month.

Tarek Sultan, vice chairman and CEO of Agility, said the listing of Agility Global will enable the company to access additional capital markets to drive further growth. 

“Each of Agility’s subsidiaries will be pursuing different road maps to invest and grow further,” he added.

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