Mubasher: Agility Public Warehousing has subscribed to 16.5 million shares of Hyliion at a value of KWD 12 million ($39.3 million) through Colle Capital.
The company, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has received neither a subscription confirmation nor a stock certificate yet, according to a bourse disclosure on Thursday.
On 5 October, the company announced that it would invest KWD 20 million ($65.5 million) in alternative technologies in cooperation with the US-based Colle Capital Venture Fund.
During the first half (H1) of 2020, the company logged net profits of KWD 16.21 million, down from KWD 41.89 million in the prior-year period.
