Kuwait’s Agility to Continue Investing in Supply Chain, CEO Says

(Bloomberg) --

Kuwait’s Agility Public Warehousing Co. will continue investing in both supply chain and technology, and look at different strategic options for all its business segments, Chief Executive Officer Tarek Sultan said.

“We’re going to continue investing in supply chain - but in our core businesses, industrial, real estate and different supply chain vehicles - but increasingly in technology where we’re really looking to grow our footprint, and get involved in successful businesses that could benefit from our global footprint,” he said in an interview on Sunday. Moving forward, technology will be an “increasing theme for our shareholders, as well as ESG,” he said.

Agility is currently evaluating the best options for expanding its business, with next year being “a fair time to expect something,” Sultan said. The company’s revenue rose 30% in the third quarter, while profit surged to 926.9 million dinars ($3 billion) on the sale of its logistics unit to DSV Panalpina A/S for $4.1 billion. 

He also said:

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