Kuwait's Agility in talks on investment in Kharafi National

Gulf's largest logistics firm says reviewing all possible opportunities to invest in construction company
Kuwait's Agility in talks on investment in Kharafi National
By Reuters
Thu 23 Jun 2016 01:41 PM

Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National.

Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportunities in the Kuwaiti company, it said in the bourse statement.

Owned by the wealthy Al Kharafi family, Kharafi National is one of the largest construction companies in Kuwait. It is involved in infrastructure project development in water, waste water treatment and district cooling among other services, according to its website.

It follows news that shares in Agility were suspended until the company responded to items published in news reports.

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