Agility Public Warehousing Company K.S.C.P. signed a convertible loan agreement for the gross proceeds of KD 125 million on May 1, 2023. The transaction will include participation from new lender United Projects Company For Aviation Services K.S.C.P. This agreement, which is still subject to the approvals of the relevant authorities, will give the lender the option to capitalize the debt into new ordinary shares in UPAC's capital in accordance with the laws and regulations issued in this regard.