Hanadi Al-Saleh, Chairman of the Board of Directors of Agility, confirmed at a symposium hosted by Al-Arabiya on the sidelines of the Davos conference that the company has reorganized its portfolio to generate positive returns for shareholders, noting that it is optimistic about its operations in Persian Gulf.
She said: “We have a global portfolio of companies that are 100% owned by us and our investments are heavily concentrated in logistics and industrial logistics, and so it’s hard to ignore the International Monetary Fund when it says that in 2023, a third the global economy is likely to be in recession.”
And she continued: “Do we feel it in part of our business? .. Yes. But there is compensation from our assets in the Gulf countries.”
The Agility Chairman of the Board added: “So the question is, what are we doing?.. We are thinking carefully about how to allocate capital in our portfolio, and as interest rates rise, we are looking at how to allocate capital in a way that guarantees a positive return in net for shareholders. We look at We look at interest rates and we look at our liquidity and funding strategy, we are refinancing our debt to make it long-term and trying to secure enough liquidity to make sure we have the right investments in the right place.”
