Agility Global sells Tristar at a $1.5 billion enterprise value

Agility Public Warehousing Company (Makhazen): its associate Agility Global, in which it holds a 25% stake, has agreed to sell its entire stake in Tristar to India's Aegis Logistics Limited, in a deal valuing Tristar at an enterprise value of US$1.5 billion. Agility Global's share of the consideration is $581 million, and completion is expected by the end of March 2027, subject to regulatory approvals. The financial impact on Makhazen will be determined upon completion.