Mubasher: Agility Public Warehousing will invest KWD 20 million ($65.5 million) in alternative technologies, in cooperation with the US-based Colle Capital Venture Fund.
Through a number of Colle Capital's funds, the company, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, will explore early or late-stage investment opportunities in alternative technologies, including Hyliion, according to the company's disclosure to the Boursa Kuwait on Monday.
This step is part of Agility's strategy under which the company has made several direct and indirect investments in the field of alternative technologies.
It is noteworthy to mention that in the first half (H1) of 2020, the company's net profits declined by 61.3% to KWD 16.21 million, compared to KWD 41.89 million in the same period of 2019.
