The Kuwait bourse has halted trading in Agility (AGLT.KW) pending clarification of reports that the logistics firm is near to a settlement in its U.S. fraud case, the bourse said in a statement on Monday.
Several Kuwaiti newspapers carried reports on Monday about Agility seeking a settlement of up to $600 million with the U.S. government.
"Until now the final settlement has not been signed, as some of the points are still pending, however the amount is between $500 million and $600 million," Kuwaiti daily al-Qabas said in an unsourced report.
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