Multi-business owner and operator and long-term investor present in 70+ countries owns portfolio of sector-leading businesses and assets
ABU DHABI – MAY 2, 2024 – Agility Global PLC (“Agility Global”), a multi-business operator and long-term investor in sector-leading global and regional businesses, announced that its shares are now trading on the Abu Dhabi Securities Exchange (ADX), one of the fastest growing stock exchanges in the world. This listing brings the number of companies on ADX to 97 companies.
Agility Global has revenues of USD 3.9 billion, EBITDA of USD 0.6 billion, 50,000 employees and operations in 70 countries.
Agility Global’s valuable international assets include Menzies Aviation, the world’s largest aviation services provider, Tristar , a global leader in fuel and chemicals storage, shipping and logistics, and Agility Logistics Parks, a leading owner and developer of industrial real estate in the Middle East, Africa and South Asia. Agility Global’s portfolio also includes a 9% stake in DSV, the world’s third-largest freight forwarder.
Agility Global Chairman Tarek Sultan said: “Agility Global is one of the region’s most exciting growth stories. We are a company with high-value assets in growing sectors, run by an experienced management team with a proven record of long-term value creation. Our portfolio businesses are global and regional leaders in their sector. We have a strong balance sheet, a sharp focus on shareholder value, and a deep commitment to ESG best practices in climate, social impact, and governance. Agility Global’s ADX listing highlights the ADX’s role as a hub for diversified growth companies with strong potential for value creation across a variety of sectors and the ability to attract global and regional investors.”
Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “We are pleased to welcome Agility Global to the ADX family and add to the dynamism of our listing platform. Agility Global’s diverse portfolio of businesses and assets complement and support the growth of various key sectors in the UAE, and it provides local and foreign investors with new investment opportunities via ADX. . This listing is an extension of ADX’s ongoing commitment to bolster Abu Dhabi's economic strategy and foster greater sustainable growth in the UAE and the wider Middle East region.
We note that Agility Global’s shares rose 300% in its debut trading on ADX and closed as one of the top gainers in market value and volume. Their performance reflected the local and regional investors’ interest in this new addition and demonstrated the market’s support. We welcome more regional and international issuers to tap on ADX’s capital market to fulfill their growth ambition.”
First Abu Dhabi Bank PJSC, Morgan Stanley & Co., and Citigroup Global Markets Limited acted as financial advisors to Agility Global PLC; Kuwait Financial Center (“Markaz”) advised on shareholder distributions.