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| 14 September, 2017

Kuwait's ALAFCO successfully closes syndicated Murabaha facility

Shariah Compliant, financial concept

Shariah Compliant, financial concept

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Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million.

The transaction has been advised by KFH Capital Investment Company with participation from Kuwait based Warba Bank K.S.C.P, Boubyan Bank K.S.C.P, Kuwait International Bank K.S.C.P and Bahrain based ABC Islamic Bank E.C.

ALAFCO’s main activities include aircraft operating leases, sale and leasebacks and aircraft lease management. ALAFCO’s portfolio consists of 65 Airbus and Boeing aircraft – comprising of A320, B737 and B777 aircraft – leased to 22 airlines in 14 countries across the world.

ALAFCO invests in new technology aircraft and has a firm order of 113 aircraft comprising of 73 A320neo, 10 A321neo, 10 A350-900XWB, and 20 B737max 8 aircraft.

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© Arab Times 2017