Press releases, Reports & Disclosures for Agility The Public Warehousing Company (K.S.C.)
Agility Public Warehousing Company KSCP announced a change in the date for their Q2 2024 analyst call. The call, initially scheduled for August 15, 2024, will now be held on August 21, 2024, at 2:00 PM local time through a live webcast. This adjustment has no impact on the company's financial position.
Agility Public Warehousing Company K.S.C.P. and its subsidiaries have released their unaudited interim condensed consolidated financial information as of June 30, 2024.
On August 4, 2024, a notice was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, informing him of an upcoming board meeting for Agility Public Warehousing Company K.S.C.P. The meeting is scheduled for Wednesday, August 14, 2024, at 1:00 PM (Kuwait Time). The agenda includes discussing the Interim Financial Statement for the period ending June 30, 2024, and considering amendments to the Articles of Association, among other items. The notice was signed by the Vice Chairman & CEO of Agility Public Warehousing Company.
On July 9, 2024, Agility Public Warehousing Company K.S.C.P. (Agility) announced an update regarding a legal case with the Republic of Iraq. The case, originally decided on February 22, 2021, involved Agility's claims of Iraq's expropriation of its $380 million investment and breaches of the bilateral investment treaty between Kuwait and Iraq. An Annulment Committee under the International Centre for Settlement of Investment Disputes (ICSID) partially annulled the original arbitral award, agreeing that the original Tribunal had failed to scrutinize Iraq’s actions properly. Consequently, Agility can now re-file its claims before a new arbitral tribunal. There is currently no financial impact from this decision.