Reference to our previous disclosure dated 13th May 2018, Agility would like to announce that is has refinanced and increased its credit facility line from $725 million (around KD 219 million) to $800 million (KD 240 million) with existing and new local, regional and international banks. Part of this facility has a 3 years term and the other for 5 years.

In addition to the $800 million facility, Agility is also working to refinance its other existing bilateral facilities and increase its available credit lines to $1.2 billion - $1.4 billion (around KD 360 million - KD 423 million). The purpose of these facilities is to finance Company's growth plans.

Best regards,
Investor Relations Team

Attachments

  • Original document
  • Permalink

Disclaimer

Agility - The Public Warehousing Company KSCP published this content on 21 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 01:19:01 UTC