Page 144 - SALIK PR REPORT MAY 2024

5/3/24, 10:27 AM Agility Global shares soar on ADX debut

Listen In English Listen in Arabic
Powered by automated translation
The shares of Agility Global, a unit of regional logistics major Agility, nearly
quadrupled in value after the company began trading on the Abu Dhabi

Securities Exchange on Thursday.

Its stock opened at Dh1.48 per share, up as much as 300 per cent compared to
the reference price of Dh0.37 per share provided by the company.

Shares of the company settled 327 per cent higher at Dh1.58 each at the
closing of trading in Abu Dhabi, giving Agility Global a market value of about

Dh16.46 billion ($4.48 billion).

The company's stock ended the day as the second-most traded in terms of

daily value and volume on the ADX.

Agility Global is trading under the symbol Agility. Its parent company is listed
on the Dubai Financial Market and Boursa Kuwait.

As the operations and assets management unit of Agility, its portfolio includes
services company Menzies Aviation, Tristar, a global fuel logistics business, as

well as Agility’s global logistics parks business in Saudi Arabia, Africa and
South Asia.

Other businesses include a remote site company GCC Services, a defence
and government services logistics business and a digital logistics platform

Shipa, according to its website.

Registered at Abu Dhabi Global Market, Agility
READ MORE
Global has operations in more than 70
Can GCC markets sustain the IPO
momentum in 2024? countries. It posted revenue of $3.9 billion for
2023 and employs 50,000 people.
Spinneys IPO: Retailer increases
retail o ering on higher demand There has been a listing boom in the UAE and

wider GCC markets in recent years as the Feedback

economies rebounded strongly from the pandemic-induced slowdown on the
back of government reforms and higher oil prices.

The UAE, the Arab world's second-largest economy, topped in terms of the
funds raised last year in the GCC through IPOs. Issuers secured $6.07 billion

https://www.thenationalnews.com/business/markets/2024/05/02/agility-global-shares-soar-on-adx-debut/ 2/3