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Agility in talks to distribute COVID-19 vaccines

Agility in talks to distribute COVID-19 vaccines
The decision does not have an impact on the company's financial position
Agility
AGLTY
7.95% 326.00 24.00

Mubasher: Agility Public Warehousing, listed on Boursa Kuwait and Dubai Financial Market (DFM), is holding discussions with the producers of coronavirus (COVID-19) vaccines and governments to help in distribution.

Agility and its subsidiaries have an infrastructure in over 120 countries and the capability to distribute the vaccines in emerging markets where the company has the physical infrastructure and cold storage, according to the company's disclosure to Boursa Kuwait on Tuesday.

Currently, this decision does not have an impact on the company's financial position.

It is noteworthy to mention that in the first nine months of 2020, Agility's net profits retreated by 50.4% to KWD 31.52 million from KWD 63.57 million in the same period of 2019.