Bloomberg News

Agility Says Report on $700 Million Contract Win Is Not True

October 11, 2011

Oct. 11 (Bloomberg) -- Agility, the Kuwaiti storage and logistics provider, said a report that the company won a contract valued at $600 million to $700 million is not true.

The company’s shares, which were suspended yesterday, will resume trading today, according to a statement to the Kuwait bourse.

Agility shares, down 26 percent so far this year, surged 6.9 percent to 385 fils, the highest since June 8, in Kuwait City trading on Oct. 9. The shares have surged 26 percent in its last four trading days.

--Editor: Shaji Mathew

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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