Disclosure of Material Information Form


Details
Agility Public Warehousing Company
01/09/2026

Material information form

Disclosure on any resolutions issued by the Authority, the Exchange, or the Disciplinary Board regarding suspending the trading on the Listed Company’s Shares and the reasons of such resolutions, and any Penalties or disciplinary Penalties issued by the Authority, the Exchange, or the Disciplinary Board that have Significant Effect on the Listed Company and its reasoning.
Material Information Disclosure - Disciplinary Board Decision
31/08/2026
Makhazen would like to announce the issuance of CMA - Disciplinary Board Decision No. 19/2026 concerning violations by the Company, its Board of Directors and Executive Management relating to non-compliance with disclosure requirements and accounting standards. The Authority determined that violations involve non-compliance with Article (1-14) of Book Twelve (Listing Rules) of the Executive Bylaw No. (7) of 2010, as amended, which pertains to the accuracy and integrity of the financial data and disclosures. The violations are detailed as follows: 1. The Company reclassified its investment in Korek Telecom from "investment in an associate" to "receivables" with a value of KD 111.023 million, and that in violation of IAS 37. The Authority determined that this amount should not be recognized in the financial statements due to the inability to establish the timing and final recovery value of the investment. 2. The Company continued to record real estate with a carrying value of KD 65.762 million as "investment properties" despite handing over these assets to the Public Authority of Industry. The Authority believes this is against Conceptual Framework for Financial Reporting and International Accounting Standard (IAS 40). The Authority attributed to Board members the failure to ensure the accuracy and integrity of disclosable financial data and information, constituting a breach of Book Fifteen (Corporate Governance). Executive Management was held responsible for failing to maintain an accounting system and records that accurately reflect financial data, and failing to comply with obligations regarding the integrity and fair presentation of financial reports prepared in accordance with International Accounting Standards approved by the Authority. The Disciplinary Board hereby imposes the following penalties: 1- On the Company: A monetary fine of KD 10,000 (ten thousand dinars) for the aforementioned violations. 2- On Board Members: A monetary fine of KD 5,000 (five thousand dinars) per member for their respective violations. 3- On Executive Management: A monetary fine of KD 10,000 (ten thousand dinars) each on The Vice Chairman and the CEO and the Chief Financial Officer.
The financial impact is limited to the monetary fine imposed on the Company and does not have a material impact on the Company's financial position or results of operations.
CMA Violation BK August 2026.pdf

Significant effect on the financial position shall be mentioned if the material information can measure that effect, excluding the financial effect resulting from tenders or similar contracts.

If a listed company, which is a member of a group, disclosed some material information related to it and has significant effect on other listed companies’ which are members of the same group, the other companies’ disclosure obligations are limited to disclosing the information and the financial effect occurring to that company itself.

The issuer of this disclosure bears full responsibility for the soundness, accuracy, and completeness of the information contained therein. The issuer acknowledges that it has assumed Care of a Prudent Person to avoid any misleading, false, or incomplete information. The Capital Markets Authority and Boursa Kuwait Securities Exchange shall have no liability whatsoever for the contents of this disclosure.This disclaimer applies to any damages incurred by any Person as a result of the publication of this disclosure, permitting its dissemination through their electronic systems or websites, or its use in any other manner.