Kuwait’s Agility Global saw its net income attributable to shareholders jump to USD 125 mn in FY 2024, a 150% y-o-y increase in our calculation, according to a preliminary earnings release (pdf). The company — which is listed on both ADX and Kuwait Stock Exchange — saw its revenues climb about 14.5% y-o-y to USD 4.5 bn during the same period.

3Q 2024 performance: Agility Global’s net income attributable to shareholders rose USD 37.1mn in 3Q 2024, while its revenues increased 16% y-o-y to USD 1.2 bn in the same period.

Betting big on major growth: The company announced it had inked a USD 1.4 bn creditfacility agreement with several unnamed regional and global banks back in December to bolster future growth, as well as settling dues and funding current operations.

Highlights from the year: The logistics player undertook two major ventures in KSA, with a SAR 250 mn (c. USD 66.5 mn) expansion project at its warehousing complex in Riyadh and a new logistics complex development worth SAR 227 mn with Riyadh Development Company.

ICYMI: Agility Global floated its shares on the ADX last year, realizing 327% gains in share price on its first trading day via technical listing.

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