Agility the public warehousing company announced that it has entered an auction for the Kuwait Health Assurance Company (KHAC) yesterday.

KHAC is company under establishment (تحت التأسيس) with a capital of 318m. The required equity to establish the company is 30% of the capital. The strategic investor is requirement to bid for 26% of the 30% which makes around KD 24.8 million plus a share premium of 1 fils per share (KD 826,800). A total of around KD25.6 million which is Agility’s bid value excluding the optional premium of KD 50,000.

However, the company hasn’t received any reply yet.