Kuwait-based Agility, the Gulf's biggest logistics company by market value, said on Tuesday it wants to attract more foreign investors as it seeks to expand abroad.

"We always welcome new shareholders and new investors," chief executive officer Tarek Sultan said on Tuesday on the sidelines of a shareholders meeting.

"We keep an open mind about that and anything we can do to get investors is positive," he told reporters, adding the firm might sell from 1 per cent to up to 30 per cent of the company depending on investor demands.

He did not say whether the sale will be made through a capital hike.   Kuwaiti daily Al-Qabas said earlier a US company is interested in buying 15 per cent of Agility's shares. Sultan declined to comment on the report when asked by an investor.

Agility's shareholders are yet to approve a 25 per cent capital increase after a minority of investors said they were against the hike in the firm's general assembly meeting on Tuesday asking for more dividends.

Sultan told Reuters last month the firm aims to sell about KD120 million ($449.9 million) worth of shares this year to finance expansion and cut its reliance on US Government contracts.

Sultan reteirated he expected revenues to grow 12 per cent this year to $7 billion. "I think we could grow close to $1 billion this year. My expectations (revenues) will be close to $7 billion (this year)," he said.

He declined to give a forecast for 2008 profit. "We are expecting our business to grow. We are expecting emerging markets platform to continue to be robust and I think that we are focused on that platform," he said, declining to be more specific.

Analysts at Global Investment House expect Agility to post a 2.9 per cent increase in first-quarter profit to KD42.9 million in a Reuters survey in March.-Reuters