Forbes ranks Agility No. 65 of top 500 companies in Arab world
KUWAIT- Agility, a leading global logistics provider, ranks No. 65 on Forbes’ recently released 2014 Top 500 Companies in the Arab World and comes in at No. 2 in the magazine’s 15-company Transport sector.
“The Forbes ranking is further recognition of our achievements in providing an exceptionally high level of service and customer-specific logistics planning and execution to our customers in the Middle East and around the world,” said Tarek Sultan, Chief Executive Officer of Agility.
Forbes’ Middle East rankings were announced on July 17 in Dubai. Publicly listed companies from 11 Middle East countries are represented on the list, which was compiled using financial statements that the companies filed with regional stock markets in 2013. Criteria considered when producing the list include total revenue, net profits, total assets, and market capitalization.
Companies based in Gulf Cooperation Council (GCC) countries dominated the rankings. Companies based in Saudi Arabia occupied more than one-fifth of the list. Kuwait-based companies comprised the second largest number.
Established in Kuwait as a state-owned trucking company in 1979, Agility later went private and listed its shares on the Kuwait Stock Exchange and Dubai Financial Market. It has been the largest logistics provider in the Middle East since 2004 and is one of the top 15 global logistics providers.
Agility recently was recognized for a second consecutive year as an industry leader in the Gartner Magic Quadrant for Global Third-Party Logistics Providers report. Agility also has received numerous awards for sustainability, community action and global logistics innovation and performance.