Author Archives: Agility Updates

Agility Launches New Online Forwarding Platform Shipa Freight™

Agility today announced Shipa Freight, the first fully integrated online freight service that allows users to get rate quotes and book, pay and track ocean and air shipments around the world. Shipa Freight provides instant, no-obligation rate quotes from the countries that account for 95% of global trade and allows users to manage their international shipments with […]

Posted in Agility General Update, Press

Agility is First Forwarder to Work with Maersk IBM on Blockchain Solution

 Logistics provider teams up to transform global, cross-border supply chain
BAAR, Switzerland – Feb. 6, 2018 – Agility, a leading global logistics provider, is the first freight forwarder to collaborate on a Maersk-IBM solution to provide more efficient and secure methods for conducting global trade by using blockchain technology to manage and track container shipments.
Agility has […]

Posted in Agility General Update

Agility’s Earnings Release for Full Year and Q4 2017

KUWAIT CITY – February 20, 2018

 
FY 2017
(Million KD)
FY 2016
(Million KD)
Variance
(%)
Q4 2017
(Million KD)
Q4 2016
(Million KD)
Variance
(%)

Revenue
1,407
1,234
14%
386
314.8
22.6%

Net Revenue
469.9
429.1
9.5%
125.7
112.4
12%

EBITDA
135.2
115.2
17.4%
37.6
31.4
19.8%

Net Profit
68.5
59.1
16%
19.3
15.7
22.5%

EPS (fils)
54.4
46.7
16.6%
15.3
12.5
23.1%

Figures in the table above have been rounded
Agility’s Financial Results for Full Year and Q4 2017
Agility, a leading global logistics provider, today announced its 2017 financial results, reporting a net profit of KD 68.5 million, or 54.4 fils per […]

Posted in Agility General Update

Agility’s Management Building Awarded Green Building Certification

State-of-the-art building receives prestigious LEED Silver certification
KUWAIT CITY – Nov. 14, 2017 – Agility, a leading global logistics provider, has been awarded the LEED Silver certification for its new environment-friendly management building in Sulaibiya, Kuwait.
The LEED rating system, developed by the U.S. Green Building Council (USGBC), is the foremost program for buildings, homes and communities […]

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Agility, UPAC, and NREC invest $1.2 billion in Abu Dhabi’s Reem Mall

Consortium signs $457 million credit facility
KUWAIT – November 21, 2017 – Agility, UPAC, and NREC, the consortium behind Abu Dhabi’s Reem Mall, a retail, leisure and entertainment destination, announced today that financing for the $1.2 billion project is now complete, by signing the largest real estate asset based facility in the United Arab Emirates […]

Posted in Agility General Update

Reem Mall Group Names Construction Contractor

Announcement follows completion of financing for world-class $1.2 billion retail and entertainment destination
KUWAIT – November 27, 2017 – The Reem Mall consortium today announced the appointment of Itinera Ghantoot, a UAE-Italy joint venture, as lead contractor on the $1.2 billion shopping, leisure and entertainment project.
Itinera Ghantoot is a joint venture between Itinera, one of Italy’s […]

Posted in Agility General Update

Agility settles legal case with U.S. government.

Read media statement.

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Agility reports 17% Q1 EBITDA boost and 11% net profit increase

Agility, a leading global logistics provider, today reported earnings of 12.7 fils per share on net profit of KD 14.6 million, an increase of 11.4% over the same period in 2016.
Agility reported EBITDA of KD 30.8 million, a 17.4% increase, along with revenue of KD 320.5 million, a 7.3% increase over Q1 2016. The results […]

Posted in Agility General Update

Agility Expands Contract Logistics Footprint in Singapore

Deepens high-end service offering for manufacturers, retailers, e-commerce customers

SINGAPORE – March 20, 2017 – Agility, a leading global logistics provider, acquired a two-story warehouse close to Changi International Airport, giving it more than 600,000 square feet of warehouse space in total in Singapore.
The newly acquired 177,000-square-foot warehouse is located in an area with access […]

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Agility Opens World-Class Logistics Park in Ghana

ACCRA, Ghana – October, 19, 2016 – Agility, a leading global logistics and infrastructure provider, has opened a distribution park near Ghana’s main port, the first of a network of logistics parks it intends to build across Africa, bringing world-class warehousing and logistics capabilities.
Tenants at the 45-acre Ghana Agility Distribution Park in the Tema Port […]

Posted in Agility General Update