KGL Logistics Announces Earnings Results for the Year 2014

KGL Logistics Company KPSC is a Kuwait-based company engaged in logistics services. Its main activities are: ocean freight services, including Ocean Forwarding, NVOCC Consolidation and FCL container management; air freight forwarding services; road freight, provided with trailers, low beds, flatbeds, reefer trucks, tippers, fuel and water tankers; warehouse and distribution; customs clearance services, such as import and export customs clearance and highly perishable and dangerous goods clearance, and project cargo, which includes providing door-to-door freight logistic services for materials and equipment, through a combination of sea, air, and land transport. As of December 31, 2010 the Company had two subsidiaries: wholly owned KGL Stevedoring W.L.L. and KGL Logistics Emirates (Anchorage) W.L.L., and held also a 49% stake in KGL Logistics Qatar W.L.L. In April, 2014, the Company acquired through auction 98.08 stakes in Kuwait Motoring Training Company's share capital.