Mubasher: Agility Public Warehousing is currently conducting studies and research to go forward in its strategic partnership with the Suez Canal Authority in Egypt, the CEO of Agility Tarek Sultan told CNBC Arabia.
The company is boosting its future investment growth by establishing new storing and industrial facilities, on a total space of a million square metres, across the Middle East and Africa (MEA), Sultan added, on the sidelines of Agility’s ordinary general meeting which was held on Tuesday.
In December 2018, the CEO said that the company was conducting an in-depth study to make good use of the opportunities available in Egypt, in addition to focusing on logistics services and developing warehouses required to expand in the Egyptian market, namely in Suez Canal area.
It is noteworthy that Agility is listed on both Boursa Kuwait and the Dubai Financial Market (DFM).
On Tuesday, Agility’s shareholders approved 30% of the capital to be distributed as dividend and bonus shares.
