Page 147 - SALIK PR REPORT MAY 2024

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 Global has operations in more than 70
countries. It posted revenue of $3.9 billion for 2023 and employs 50,000 people.

There has been a listing boom in the UAE and wider GCC markets in recent years as
the 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 from eight listings on
UAE exchanges, accounting for about 56.3 per cent of total proceeds, according to data
from Kamco.

The Abu Dhabi Securities Exchange was the top regional bourse with $4.9 billion,
followed by the Dubai Financial Market with $500 million.

Several companies including Parkin, Salik, Tecom, Empower, Dubai Taxi Company and
Al Ansari Financial Services, Pure Health, Adnoc Gas and Investcorp Capital, listed
their shares on the UAE bourses in the past two years.

The momentum has continued into this year, with Spinneys, the operator of premium
supermarkets in the UAE and Oman, expected to list its shares on the DFM on May 9
and commence trading after it raised Dh1.38 billion through the float.

https://www.msn.com/en-ae/money/news/agility-global-shares-soar-on-adx-debut/ar-AA1o1qtg