Agility Public Warehousing Company K.S.C.P.

Corporate brand

A Kuwait-based public infrastructure, logistics and industrial-services company that evolved from a state-owned warehousing enterprise into a diversified international operator and investor.

Last updated October 16, 2026

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Overview

Agility Public Warehousing Company K.S.C.P. is a Kuwait-based publicly listed company whose roots lie in Kuwait’s state-owned Public Warehousing Company, established in 1979. The business was privatized and subsequently developed into one of the Middle East’s most internationally active logistics and infrastructure groups. For much of its modern history, the Agility name was associated with freight forwarding, contract logistics, warehousing, supply-chain technology and public-sector logistics. The company expanded through a long series of acquisitions, building Global Integrated Logistics, or GIL, into a multinational freight-forwarding and contract-logistics platform operating in more than 100 countries. Agility’s strategic identity changed substantially during the 2020s. In August 2021, it sold its GIL business to DSV in an all-shares transaction valued at approximately $4.2 billion. The transaction transformed Agility from an operating logistics company into a diversified owner, operator and long-term investor. Agility retained a significant ownership interest in DSV and redirected capital toward aviation services, energy logistics, industrial real estate, warehousing infrastructure and selected minority investments. Its principal controlled businesses included National Aviation Services, or NAS; Tristar, an energy-logistics company; Agility Logistics Parks, a developer and operator of warehousing and light-industrial parks; and Gulf Warehousing Company-related activities. In 2022, Agility acquired Menzies Aviation and combined it with NAS, creating one of the world’s largest aviation-services platforms by geographic reach. Tristar developed an international energy-logistics business covering fuel transportation, storage and related services. Agility Logistics Parks expanded its industrial-property platform across the Middle East, Africa and South Asia, with particularly strong activity in Saudi Arabia and other Gulf markets. Agility also maintained investments outside its controlled businesses. These included its strategic holding in DSV, interests connected with Reem Mall in Abu Dhabi, real-estate investments and technology-related ventures. In 2024, Agility separated a substantial portfolio of operating businesses into Agility Global PLC, which was listed on the Abu Dhabi Securities Exchange. Agility Public Warehousing Company remained a major shareholder and the Kuwait-based listed parent and investment vehicle behind the group’s continuing portfolio. The company’s public identity changed again in 2025. In November 2025, Agility Public Warehousing Company announced that Makhazen would become its new operating brand and outlined a more Kuwait-focused strategy centered on infrastructure, logistics and industrial services. The rebranding followed the transfer and separation of several internationally oriented businesses and was intended to reposition the listed Kuwait company around domestic and regional assets, investment management and infrastructure development. The legal and exchange-listed entity continued to exist, but its external communications increasingly used the Makhazen name. Agility’s historical reputation combines aggressive international expansion with a later emphasis on portfolio management and capital allocation. Under Tarek Sultan and Henadi Al-Saleh, the company pursued more than 40 acquisitions, established a broad operating footprint and developed businesses in sectors adjacent to global trade. The company’s most important strategic decisions were the sale of GIL to DSV, the acquisition of Menzies Aviation, the expansion of Agility Logistics Parks and the creation and listing of Agility Global. The group has also faced significant legal and reputational challenges. In 2017, Agility resolved U.S. criminal, civil and administrative cases concerning allegations that it overcharged the U.S. Department of Defense on food-supply contracts performed between 2003 and 2010. The settlement included a $95 million civil payment, relinquishment of claims against the U.S. government and a guilty plea to a misdemeanor offense involving government funds. The matter remains one of the most consequential controversies in the company’s history. As of the latest available company disclosures, the continuing entity is active and publicly listed. Its business profile is no longer best described solely as freight forwarding or warehousing. It is more accurately characterized as a Kuwait-centered infrastructure, logistics and industrial-services company with controlled businesses, strategic investments and a legacy of international supply-chain operations.

History

Agility Public Warehousing Company began in Kuwait in 1979 as the Public Warehousing Company, a state-owned enterprise created to provide warehousing and logistics capacity. The company was later privatized, enabling it to pursue a more commercial growth strategy and expand beyond basic public warehousing. Its privatization marked the beginning of the company’s transformation into a diversified logistics and infrastructure group. During the 1990s and 2000s, the company expanded through acquisitions and international partnerships. It built capabilities in freight forwarding, contract logistics, distribution, customs support and supply-chain technology. The business increasingly used the Agility name as a global brand, while its operating companies served customers in manufacturing, retail, government, energy, healthcare and other trade-intensive industries. A major phase of expansion involved the creation and acquisition of Global Integrated Logistics. Through more than 40 acquisitions, Agility developed GIL into a large freight-forwarding and contract-logistics platform operating across more than 100 countries. GIL became the group’s most internationally recognizable business and positioned Agility as a significant competitor in global logistics. The company’s broader portfolio also included logistics parks, aviation services, energy logistics, public-sector logistics and technology ventures. The company’s expansion was accompanied by a major legal controversy in the United States. Agility was accused of overcharging the U.S. Department of Defense in relation to food-supply contracts for U.S. troops in Iraq and other locations between 2003 and 2010. In May 2017, Agility reached a global resolution with U.S. authorities. The agreement included a $95 million civil payment, the surrender of claims seeking additional payments from the U.S. government and a misdemeanor guilty plea related to theft of government funds. The resolution ended a prolonged period during which Agility had been suspended from some U.S. federal contracting activity. The most important strategic turning point came in 2021, when Agility sold GIL to Danish logistics company DSV in an all-shares transaction valued at about $4.2 billion. Rather than exiting logistics entirely, Agility became a major shareholder in DSV and redeployed its capital into a portfolio of controlled operating businesses and strategic investments. The transaction reduced Agility’s direct exposure to traditional freight forwarding and increased the importance of infrastructure, aviation, energy logistics and investment management. In 2022, Agility acquired Menzies Aviation and combined it with National Aviation Services, or NAS. The combined aviation-services platform became one of the largest in the world by geographic footprint, providing airport ground handling, cargo handling, passenger services and related aviation support. Aviation became one of the defining operating pillars of the post-GIL group. Tristar developed into another major platform. The company operated in energy logistics, including fuel transportation, storage, distribution and related maritime and land-based services. Its activities extended across multiple regions and customers in the energy sector. Agility Logistics Parks expanded the group’s role as an industrial-property developer and operator, building warehouse parks and light-industrial facilities in the Middle East, Africa and South Asia. The logistics-parks business became especially significant in Saudi Arabia and other Gulf markets. In 2023 and 2024, Agility reorganized its portfolio around controlled businesses and investments. Agility Global PLC was established in Abu Dhabi Global Market, converted into a public company and listed on the Abu Dhabi Securities Exchange in May 2024. The new company held or operated major parts of the international portfolio, while Agility Public Warehousing Company remained the Kuwait-based listed parent and a major shareholder. This structure clarified the separation between the Kuwait-listed entity and the international operating portfolio. The 2024 annual report described Agility as a diversified group with operations and investments spanning logistics infrastructure, aviation services, energy logistics, real estate and supply-chain-related activities. The report recorded consolidated revenue of KD 1.528 billion, EBITDA of approximately KD 277 million and net profit of KD 62.6 million for the year. These figures reflected the continuing group structure at that time and should not be treated as a simple measure of the historical GIL logistics business. In November 2025, the company announced a new operating brand, Makhazen, and a Kuwait-focused strategy. The rebrand signaled another change in corporate identity: the international Agility brand increasingly represented the global portfolio and Agility Global, while the Kuwait-listed company emphasized domestic infrastructure, logistics and industrial services. The company remained publicly listed and active, but its post-2025 profile was more focused on Kuwait and regional asset development than on global freight forwarding. The company’s history is therefore best understood in three phases: a state-owned warehousing origin; an aggressive period of privatization, acquisition and global logistics expansion under the Agility name; and a post-2021 portfolio and infrastructure phase shaped by the sale of GIL, the development of aviation and energy platforms, the listing of Agility Global and the later Makhazen rebrand.

2025
Company rebrands its operating identity as Makhazen
[5]Makhazen News Archivemakhazen.com
The Kuwait-listed company announced Makhazen as its new operating brand and adopted a more Kuwait-focused infrastructure, logistics and industrial-services strategy.
2024
Agility Global listed on the Abu Dhabi Securities Exchange
[7]Agility Global Annual Report 2025agility.com
Agility Global PLC was listed on the Abu Dhabi Securities Exchange, separating much of the international portfolio from the Kuwait-listed parent.
2022
Menzies Aviation acquired and combined with NAS
[1]Makhazen About the Companymakhazen.com
Agility acquired Menzies Aviation and combined it with National Aviation Services to form a major international aviation-services platform.
2021
Global Integrated Logistics sold to DSV
[1]Makhazen About the Companymakhazen.com
Agility completed the sale of GIL to DSV in an all-shares transaction valued at approximately $4.2 billion.
2017
U.S. contracting cases resolved
[6]U.S. Department of Justice: Agility Resolutionjustice.gov
Agility reached a global resolution with U.S. authorities concerning allegations related to food-supply contracts for the Department of Defense.
2014
Henadi Al-Saleh becomes chairperson
[3]Agility Leadershipagility.com
Henadi Al-Saleh became chairperson of Agility Public Warehousing Company, a role she held until May 2025.
2007
Henadi Al-Saleh joins Agility
[3]Agility Leadershipagility.com
Henadi Al-Saleh joined Agility in corporate and investor-relations roles before becoming a board member and chairperson.
1999
Ehab Aziz joins Agility
[3]Agility Leadershipagility.com
Ehab Aziz joined the company and subsequently served as chief financial officer during its international expansion and portfolio transformation.
1997
Tarek Sultan joins the company
[3]Agility Leadershipagility.com
Tarek Sultan joined the company and later led its international expansion and transformation into a diversified logistics group.
1979
Public Warehousing Company established in Kuwait
[1]Makhazen About the Companymakhazen.com
The company was established in Kuwait as a state-owned public warehousing enterprise.

Products and positioning

A diversified owner, operator and long-term investor focused on infrastructure, logistics, aviation services, energy logistics, industrial real estate and supply-chain-related investments. Historically positioned as a global logistics company; after the 2021 GIL transaction and the 2025 Makhazen rebrand, the listed Kuwait entity emphasizes infrastructure, logistics and industrial services in Kuwait and the wider region.

Freight forwarding and contract logistics
Global Integrated Logistics
Global Integrated Logistics was Agility’s flagship freight-forwarding and contract-logistics business. Built through a long series of acquisitions, GIL provided air, sea and road freight forwarding, warehousing, distribution, customs support, supply-chain design and related logistics services. It expanded Agility’s presence to more than 100 countries and was the company’s principal global operating platform until its sale to DSV in 2021.
Industrial real estate and warehousing infrastructure
Agility Logistics Parks
Agility Logistics Parks develops and operates warehouse parks, logistics facilities and light-industrial real estate. Its platform has focused on the Middle East, Africa and South Asia, providing ready-built and build-to-suit facilities for manufacturers, distributors, retailers and logistics companies. The business represents Agility’s shift from asset-light forwarding toward infrastructure ownership and long-term property income.
Airport and aviation services
National Aviation Services
National Aviation Services provided airport ground handling, passenger services, cargo handling and related aviation support. NAS expanded from a regional platform into an international aviation-services business and was combined with Menzies Aviation after Agility’s 2022 acquisition.
Airport and aviation services
Menzies Aviation
Menzies Aviation is an international aviation-services platform offering ground handling, cargo services, passenger services, aircraft fueling and related airport operations. Agility acquired Menzies in 2022 and combined it with NAS, creating one of the largest aviation-services businesses by geographic footprint.
Energy logistics
Tristar
Tristar provides energy logistics services, including fuel transportation, storage, distribution, marine logistics and related support for energy-sector customers. Agility developed Tristar into a global and regional operating platform serving multiple markets and supply-chain segments.
Infrastructure and industrial services · 2025
Kuwait infrastructure and industrial services
Following the 2025 Makhazen rebrand, the listed Kuwait entity emphasized infrastructure, logistics and industrial services in Kuwait. The strategy is intended to use the company’s domestic assets, warehousing heritage, logistics capabilities and investment portfolio to support Kuwait-focused growth.

Controversies

2020
Continuing U.S. litigation over contract claims and offsets
Agility continued litigation against the United States concerning claims and government offsets associated with the earlier contracting dispute. The Federal Circuit proceedings formed part of the broader legal aftermath of the Department of Defense matter.
Source
2017
U.S. Department of Defense contracting and overcharging case
U.S. authorities alleged that Agility overcharged the Department of Defense on food-supply contracts performed between 2003 and 2010. In 2017, Agility agreed to pay $95 million to resolve civil fraud claims, relinquish claims for an additional $249 million and plead guilty to a misdemeanor offense involving theft of government funds. The Department of Defense also released a separate claim and lifted Agility’s suspension from federal contracting.
Source

2025Makhazen Kuwait-focused strategy
Kuwait · Gulf Cooperation Council
The company launched the Makhazen operating identity and communicated a strategy centered on Kuwait-focused infrastructure, logistics and industrial services.
Outcome. The change clarified the distinction between the Kuwait-listed entity and the international portfolio associated with Agility Global.
Source
2022Creation of an international aviation-services platform
Global · Middle East · Africa · Europe · North America · Asia-Pacific
Agility combined Menzies Aviation with National Aviation Services after acquiring Menzies, presenting the combined business as a global aviation-services platform.
Outcome. The combined platform became one of the world’s largest aviation-services companies by geographic reach.
Source
2021Post-GIL portfolio transformation
Global
After selling GIL to DSV, Agility repositioned itself as a diversified owner, operator and investor. Communications emphasized aviation services, energy logistics, industrial real estate, infrastructure and strategic investments rather than traditional freight forwarding alone.
Outcome. The company became a major DSV shareholder and redirected capital toward controlled operating businesses and long-term investments.
Source

Brand decisions

2025
Rebrand the Kuwait-listed company as MakhazenStrategy
Background
The company’s portfolio had become differentiated between the Kuwait-listed parent and the international businesses associated with Agility Global. Management sought a clearer Kuwait-centered identity for the listed company.
Action taken
The company adopted Makhazen as its new operating brand and announced a strategy focused on Kuwait infrastructure, logistics and industrial services.
Aftermath
Agility continued as the historical corporate identity and portfolio reference, while Makhazen became the primary operating brand of the Kuwait entity.
Source
2025
Change executive leadership after the Makhazen rebrandOther
Background
The new Kuwait-focused strategy required a leadership structure aligned with the Makhazen operating identity and the company’s continuing infrastructure and industrial-services focus.
Action taken
Makhazen appointed Ahmad Al-Banna as chief executive officer and Khaled Al-Ghais as vice chairman.
Aftermath
The appointments marked a leadership transition following the end of Henadi Al-Saleh’s chairperson tenure and the separation of the international portfolio.
Source
2024
Separate and list Agility GlobalStrategy
Background
Agility’s international operating businesses and investments had grown into a portfolio distinct from the Kuwait-listed parent. A separate listing provided a capital-markets platform for the global portfolio.
Action taken
Agility Global PLC was established in Abu Dhabi Global Market, converted into a public company and listed on the Abu Dhabi Securities Exchange in May 2024.
Aftermath
Agility Public Warehousing Company remained the Kuwait-listed parent and a major shareholder, while Agility Global became the listed vehicle for significant international operating assets and investments.
Source
2022
Acquire Menzies Aviation and combine it with NASM&A
Background
After reducing its direct exposure to freight forwarding through the GIL sale, Agility sought to build a large international aviation-services business.
Action taken
Agility acquired Menzies Aviation and combined it with National Aviation Services.
Aftermath
The combined business became one of the world’s largest aviation-services platforms by geographic footprint and became a core controlled business in Agility’s post-GIL portfolio.
Source
2021
Sell Global Integrated Logistics to DSVM&A
Background
GIL had become Agility’s principal international freight-forwarding and contract-logistics platform. The transaction followed years of acquisition-led expansion and represented a decision to monetize the logistics business while retaining exposure to global supply-chain growth through DSV shares.
Action taken
Agility transferred GIL to DSV in an all-shares transaction valued at approximately $4.2 billion.
Aftermath
Agility became one of DSV’s largest shareholders and shifted toward a diversified portfolio of aviation, energy logistics, industrial real estate and strategic investments.
Transaction value. $4.2 billion in DSV shares (August 2021)
Source

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