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Kuwaiti logistics company Agility signs $235 mln loan

Mon, 18th Jan 2016 07:17

DUBAI, Jan 18 (Reuters) - Kuwait's Agility, thelargest logistics company in the Gulf, confirmed on Monday thatit had signed a three-year $235 million loan agreement.

The loan, reported by Reuters on Jan. 14, was provided byNational Bank of Abu Dhabi, HSBC, Natixis, Santander and Standard Chartered,the company said in a bourse statement.

Agility is focusing on diversifying its business acrossemerging markets as low oil prices risk delaying some projectsin the Middle East, its chief executive told Reuters inNovember. (Reporting By Sylvia Westall; Writing by Tom Arnold; Editing byDavid Goodman)

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