Agility unit Tristar to IPO in Dubai

The shares offered are expected to represent up to 24 percent of the total issued shares of Tristar. (Supplied)
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Updated 23 March 2021
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Agility unit Tristar to IPO in Dubai

  • The new stock is expected to be allocated to high net worth investors with a minimum application of 500,000 dirhams

Agility plans to list its Tristar Transport unit in a Dubai IPO, the company said.

The shares offered are expected to represent up to 24 percent of the total issued shares of Tristar, it said in a filing to the Dubai Financial Market on Tuesday.
The new stock is expected to be allocated to high net worth investors with a minimum application of 500,000 dirhams ($136,100).
When complete, Tristar expects to receive as much as $160 million of gross primary proceeds from the share sale. It will also be Shariah-compliant.
After completion Agility will hold just over half of the total share capital of Tristar.
Tristar’s integrated energy logistics platform spans road and maritime transportation, specialized warehousing, fuel farms, commercial aviation refueling and remote fuel supply operations, according to its website.
It was founded in 1998 and has grown to become the Middle East’s largest privately-owned liquid logistics company.
It operates in 21 countries.


Saudi civil aviation sector posts 9% growth as passengers exceed 140m 

Updated 6 sec ago
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Saudi civil aviation sector posts 9% growth as passengers exceed 140m 

RIYADH: Saudi Arabia’s civil aviation sector recorded a sharp expansion in 2025, with passenger traffic exceeding 140 million, up about 9 percent from a year earlier, according to the General Authority of Civil Aviation. 

The figures were presented at the 19th meeting of the National Aviation Sector Strategy Activation Steering Committee in Riyadh, chaired by Abdulaziz Al-Duailej, president of GACA, according to a press release. 

This comes as Saudi Arabia welcomed an estimated 122 million visitors in 2025, moving closer to its Vision 2030 target of attracting 150 million tourists annually and reinforcing aviation’s role in economic diversification. 

The year saw an expansion in global connectivity, with international destinations increasing to 176, while Saudi Arabia remained home to three of the world’s busiest air routes. 

Al-Duailej credited this performance to the “unlimited support” from the nation’s leadership, identifying aviation as a key enabler of Saudi Vision 2030. 

“He added that 2025 saw further strengthening of the competitive environment and the attraction of global investment, through the approval of new national carriers such as Riyadh Air and the Air Arabia alliance, as well as the licensing of major international companies including FedEx and Swissport,” the release added. 

The private aviation sector also saw further empowerment, while national airlines played a leading role in localizing the aviation industry and improving the efficiency of operational and engineering services. 

Al-Duailej outlined key features of the 2026 plan, which focuses on empowering the private sector to develop airports and increase capacity, alongside the launch of more than 30 new routes. 

“He stressed the importance of full preparedness by all operational teams and harnessing national talent to serve pilgrims, with the aim of delivering a seamless, spiritually enriching travel experience that reflects qualitative progress in logistics services and the Kingdom’s global leadership,” the release added. 

Al-Duailej also announced the official launch of the fourth edition of the Future Aviation Forum, to be held in Riyadh in April. 

The forum has been formally endorsed by the International Civil Aviation Organization as a leading global platform to shape the future of aviation and tackle its greatest challenges through an ambitious Saudi vision, gathering industry leaders from around the world. 

The meeting, attended by several top officials, also reviewed progress on the Aviation Sector Activation Program. This program, a cornerstone of the National Transport and Logistics Strategy, aims to transform the Kingdom into a global logistics hub connecting three continents and a leading aviation center in the Middle East.