Press releases, Reports & Disclosures for Agility The Public Warehousing Company (K.S.C.)

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.

The document contains unaudited interim condensed consolidated financial information for Agility Public Warehousing Company K.S.C.P. and its subsidiaries as of 31 March 2024.