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Agility holds its Annual General Assembly Meeting

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KUWAIT : Agility, a leader in supply chain services, infrastructure, and innovation, held its E- Annual Ordinary General Assembly Meeting, with a quorum of 71.2%. The Extraordinary General meeting, since the quorum was not met, will be adjourned to May 30, 2022.

The company’s shareholders approved all items on the agenda, including Agility’s audited financial statements, and endorsed the Board of Directors’ recommendation for a cash dividend distribution of 20 fils per share in addition to a 20% bonus shares (20 shares for every 100 shares). Shareholders registered on the company’s shareholders’ record on the settlement date of 6 June 2022 are entitled to these dividends. Dividends will be distributed on 9th June 2022.

The Annual Ordinary General Assembly also re-elected the board of directors for the coming three years.

Agility reported full-year 2021 earnings of 464.36 fils per share on net profit of KD 977.4 million, an increase of 2,250% over the same period in 2020. EBITDA increased 13.2% to KD 109 million, and revenue grew 22.1% to KD 486.2 million.

Tarek Sultan, Vice Chairman, Agility, said: “As Agility looks ahead to the rest of 2022, our focus is growth. We have a successful record of growing and scaling businesses, sustainably and responsibly, and we are confident that we can continue to create value for shareholders in the medium and long term.”

“As always, we thank our shareholders, customers, employees, and partners for their trust and support in Agility. We look forward to strong year in 2022,” Sultan said.

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