Kuwaiti logistics company
Agility Public Warehousing Company K.S.C.P. is a publicly traded global logistics company headquartered in Kuwait. Agility owns and operates businesses that include an aviation services company; industrial warehousing and logistics parks in the Middle East, South Asia, and Africa; a commercial real estate business developing a mega-mall in the UAE; a liquid fuel logistics business; and companies specializing in customs digitization, remote infrastructure services, e-commerce enablement, digital logistics, and more.
Agility shares have traded on the Kuwait Stock Exchange (KSE: AGLTY) since 1984 and the Dubai Financial Market (DFM: AGLTY) since 2006.
Corporate Structure.
Agility's businesses include:
Sustainability.
Agility's sustainability efforts focus on environment, community investments, humanitarian logistics, and fair labor.
Agility has been a member of Business for Social Responsibility's Clean Cargo Working Group, and the Sustainable Air Freight Alliance (SAFA). In both groups, Agility has worked with shippers, carriers and freight forwarders to improve environmental and sustainability standards, practices and tools used to measure and manage CO2 emissions.
Agility has been a partner of the UN Global Logistic Cluster's Logistics Emergency Team (LET). The LET draws on the capacity, expertise and resources of the logistics industry to respond to humanitarian emergencies and provide effective and efficient disaster relief”.
Agility has been ranked in the top 4% of the logistics industry by Ecovadis, and in the 10% of all companies overall for environmental performance. Agility is also a member of the FTSE4Good Index, recognizing the company's strong ESG performance.
Controversy.
From 2003 to 2010, Agility supplied food and related products to U.S. troops and contractors in Kuwait and Iraq under a series of Prime Vendor contracts awarded by the U.S. Defense Logistics Agency (DLA). In May 2017, Agility and the U.S. Justice Department reached a legal settlement to resolve legal issues involving allegations that the company overcharged DLA on the food contracts. The company pleaded to a misdemeanor involving a single invoice for $551. The misdemeanor was unrelated to the Justice Department's original felony allegations, which were dropped. The company also agreed to a payment of $95 million to resolve parallel civil proceedings.
References.
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