Kuwait - Agility, the leading global logistics provider has appointed Henadi Al Saleh as the new Director of Investor Relations for the company’s Corporate Finance Group. Al Saleh reports to Agility’s Chief Financial Officer Ehab Aziz and is responsible for the global management of the Investor Relations function and will oversee their corporate Financial Planning unit.

A graduate in Economics from the Tuft’s University, Al Saleh has over 11 years of experience in Investment Banking. Prior to joining Agility she served as Vice President, Investment Banking, Watani Investment Company (NBK Capital) for the Financing Group where she was responsible for all equity and debt capital market transactions for the region. Before NBK Capital, Henadi was with the Global Investment House, Kuwait where she rose to an Assistant Vice President, heading the structured finance group over the course of her five and half year tenure.

Ehab Aziz, Group Chief Financial Officer welcomed Al Saleh on board saying: “We are very excited to have Henadi as a part of our team. Agility’s real assets have always been people – our customers, partners and our employees. We are very proud of the collective knowledge and expertise of our qualified team members and Henadi fits in perfectly with our diverse corporate culture and identity and will be important in communicating our financial achievements towards our multi-year 8x8 Breaking Boundaries Strategy which we are progressing towards. ” 

Agility had expanded rapidly in the last few years and today stands strong with more than 20,000 employees across a network of 450 offices in over 100 countries worldwide. They touched total revenues over US $3.5 billion for 2006 versus US $1.56 billion for 2005 and net earnings witnessing double digit growth rates from and estimated US $ 585 million versus US $493 million in 2005. Total assets were over $4.5 billion as of year end 2006 compared to $3.6 billion as of year end 2005 and total equity was over $2.4 billion, 27.1% higher than in 2005.  More importantly, Agility’s focused strategy and competitive strengths has lead to consistent growth in revenues and strong cash flows.  This has lead to stellar growth of an estimated 40% in operating profit from US $ 436 million in 2005 to US $ 603 million in 2006.  In 2007, Agility looks to increase revenues from organic growth by about US$ 1 billion. 

In her role as Investor Relations Director, Henadi Al Saleh explained: “I am very pleased to be representing Agility in the financial community globally. Agility’s focused strategy and global footprint coupled with it’s commitment to people and the community they work in is indeed inspiring. I am looking forward to wholeheartedly contributing my knowledge and experience in communicating our financial goals in the years to come.  With the team Agility has, our focused strategy and global footprint, we are confident that Agility’s year on year growth in both these gross revenues and net profit will remain strong”