Agility Public Warehousing Company K.S.C.P. (KWSE:AGLTY) agreed to spin off 49% stake in Agility Global PLC on March 27, 2024. Agility Public Warehousing Company shareholders will receive 2 Agility Global PLC shares for every share held in Agility Public Warehousing Company, also Agility shareholders will receive cash dividend in an amount equal to KWD 25.5 million or 10 fils for every share. The Record date for the distribution of shares is April 18, 2024. The cash dividend is expected to be distributed on April 25, 2024, while In-kind dividend is expected to be distributed on May 2, 2024. Morgan Stanley is Advising Agility (parent) on the spin.

Agility Public Warehousing Company K.S.C.P. (KWSE:AGLTY) completed the Spin-Off of 49% stake in Agility Global PLC on May 2, 2024.