KUWAIT – Asdaf News:
With a quorum of 67.432%, Agility, a long-term investor and operator in supply chain services, infrastructure, and innovation, had its ordinary annual general assembly meeting today. Due to the lack of a quorum, the Extraordinary General meeting will be postponed until June 7, 2023.
The Board of Directors’ decision to withhold dividends for the fiscal year ending December 31st, 3022, and Agility’s audited financial accounts were both approved by the company’s shareholders.
On a net profit of KD 68 million, Agility declared full-year 2022 profits of 26.83 fils per share. Revenue surged 77.6% to KD 863.4 million, while EBITDA jumped 65.7% to KD 180.5 million.
Agility Vice Chairman Tarek Sultan said: “It’s important to emphasize that we take a long-term view in value creation. When it comes to our controlled businesses, the acquisitions we have done in 2022, helped us accelerate growth, expand our geographic reach, and increase our exposure to sectors that have strong future growth potential. On the investments side, stock market volatility affected our holdings, but we look beyond daily share price movements to the strategic value, growth and returns we believe our investments will deliver for our shareholder over the long-term.”
“As always, we thank our shareholders, customers, employees, and partners for their trust and support in Agility,” Sultan said.
