Trading in Kuwait’s Agility halted on media report
Agility was halted from supplying food to the U.S. Army in Iraq, Kuwait and Jordan after the charges surfaced in 2009.
August 5, 2010 12:34 by Reuters
Trading in Kuwait’s logistics firm Agility was halted on Thursday on a media report that U.S. prosecutors were going to drop fraud charges against it.
The bourse did not mention the report in its brief statement, but Al-Watan daily quoted the Middle East Economic Digest (MEED) magazine as saying the company said U.S. prosecutors were dismissing the charges.
Company officials could not be immediately reached for comment.
Agility, formerly Public Warehousing Co. K.S.C. (PWC), was dropped from supplying food to the U.S. Army in Iraq, Kuwait and Jordan after the charges surfaced last year.
(Reporting by Diana Elias; Editing by Jason Neely)