Agility funds growth via credit boost: Kuwait’s Agility Global has secured a USD 500 mn (c. KWD 153 mn) credit facility from an unnamed regional bank to fund existing operations and future growth ambitions, according to a disclosure (pdf) to the Abu Dhabi Stock Exchange (ADX). The facility has a three-year tenor with certain extension options.

A rocky 1Q: The ADX-listed logistics firm saw its net income for equity holders dip 30% y-o-y to USD 21.4 mn in 1Q 2025. The decline was due to higher depreciation from new operating leases and increased interest expenses after its May ADX listing, management said at the time. Revenue grew by around 17% y-o-y to USD 1.1 bn during the same period.

Other debt moves: Agility refinanced a segment of its existing credit facilities earlier this year, raising an additional USD 47 mn to bring the total borrowed value to USD 280 mn. The refinancing was part of its ongoing refinancing program that began in 2022, when it agreed with regional and international banks to refinance and raise its credit facilities to USD 3.2 bn (KWD 980 mn at the time).

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