With reference to the above subject, Agility Public Warehousing Company would like to disclose a material information item in accordance with the form below.
| Date | 09/09/2026 |
| Listed Company Name | Agility Public Warehousing Company K.S.C.P. (“Makhazen”) |
| Case Number | 622 for 2024 Commercial/ Civil/Government 23 Appeal no. 1717, 1733 Commercial/ Civil/ Government /5 |
| Subject of the Case | Case seeking confirmation of the continuation of the contractual agreement under Contract No. 211 for the Sulaibiya Expansion Site for an area of 150,000 sqm. |
| Judgement Date | 09/09/2026 |
| Court that issued the Judgement | Court of Appeal |
| Parties to the Case | Agility Public Warehousing Company against the Director General of the Public Authority for Industry (PAI), in his official capacity, the Minister of Commerce and Industry and Chairman of the Board of PAI in his official capacity and undersecretary of the Ministry of Commerce and Industry, in his official capacity. |
| Judgement in Favor of | Director General of the Public Authority for Industry and others |
| Summary of the Judgement | Judgment issued rejecting the original claim and confirming the termination of the lease contract in the counterclaim and for the Company to vacate the land described in the statement of claim and the agreement and to hand them over to the Public Authority for Industry, free of all persons and belongings. In addition, the court obligated the Company to pay an amount of KD 2,458,767.123 (two million four hundred fifty-eight thousand seven hundred sixty-seven Kuwaiti Dinars and one hundred twenty-three fils) for the period from 15 July 2019 to 30 September 2024. And an additional monthly amount of KWD 43,150.680 (forty-three thousand one hundred fifty Kuwaiti Dinars and six hundred eighty fils) from 1 October 2024 until handover. The judgment further obligates the Company to bear legal expenses and an amount of KWD 50 as attorney fees. |
| Judgement Outcome – First instance | Reject the appeal and confirmed the first instance decision |
| Judgment Outcome – Appeal | Not applicable |
| Impact of the Judgement on the Company | The expected financial impact on the Company when the decision is enforced relates to the amount awarded under the judgment and the loss of revenue generated under the contract which is estimated at KD 1.4 million annually. The Company intends to challenge the judgment before the Court of Cassation. It should be noted that the Company had previously recognized a provision against the carrying value of this site in the financial statements. |
Sincerely,
Investor Relations Team