Skip to content Skip to Search
Skip navigation

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.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]