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Agility comments on listing unit on DFM

Agility comments on listing unit on DFM
This announcement was made to comment on recent news
Agility
AGLTY
7.42% 666.00 46.00

Mubasher: Agility Public Warehousing has confirmed that no measures have been taken to list its subsidiary, Dubai's logistics firm Tristar, on Dubai Financial Market (DFM).

This announcement was made to comment on some circulated news about the plan of Tristar to be listed on DFM, according to the company's disclosure to Boursa Kuwait on Sunday.

The company is considering different opportunities, including the public listing, to maximise shareholders' value and improve liquidity.

It is noteworthy to mention that in 2019, the company achieved net profits of KWD 86.8 million, up 7% when compared to 2018.