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FINANCIAL NEWS
Kuwait-Alafco successfully closes USD300mn Murabaha facility
16 Sep 2017
(MENAFN) Kuwait’s Aviation Lease and Finance Co. (Alafco) proclaimed that it closed a deal for a three-year Murabaha facility for USD300mn.
Meanwhile, the transaction has been advised by KFH Capital Investment Co. with co-op from Kuwait-based Warba Bank, Boubyan Bank, Kuwait Intl Bank and others.
Additionally, its portfolio contains of 65 Airbus and Boeing aircraft-covering A320, B737 and B777 aircraft.
A main regional player, Alaco invests in new tech aircraft and has a firm order of 113 aircraft involving 73 A320neo, 10 A321 neo.
MENAFN1609201700450000ID1095865648
MENAFN1609201700450000ID1095865648
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