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Press Releases and Disclosures

2012/02/12
ALAFCO earned net profit of KD 15 million for the First Quarter Ended December 31, 2011

Kuwait City, Kuwait, 12 February 2012 - The Chairman & CEO, Ahmad A. Alzabin announced that ALAFCO has achieved a net profit of KD 15 million and earnings per share of Fils 19 for the first quarter ended December 31, 2011.

2011/12/12
Chairman’s speech in General Assembly Meeting

Kuwait City, Kuwait - 12 December 2011 - It is my pleasure to welcome all the present shareholders and members of the media. Thank you for your participation and I wish you all success and prosperity.

2011/10/27
Kuwait City, Kuwait, 27 October 2011 - ALAFCO announced a net profit of KD 47 million

Kuwait City, Kuwait, 27 October 2011 - ALAFCO announced a net profit of KD 47 million for the fiscal year ended 30 September 2011, exceeding four folds increase as compared to KD 10.8 million earned last year. The profit per share also rose more than four times to Fils 60 versus Fils 14 in the previous year.

2011/07/10
Kuwait City, Kuwait, 10 July 2011 - ALAFCO announced a net profit of KD 28.8 million

Kuwait City, Kuwait, 10 July 2011 - ALAFCO announced a net profit of KD 28.8 million for the first nine months of its current fiscal year that commenced on 1 October 2010, a four folds increase as compared to KD 7.8 million for the same period last year.

2011/04/21
Kuwait City, Kuwait – 21 April 2011 ALAFCO Aviation Lease and Finance Company released its financial results for the first half of the current fiscal year ended 31 March 2011.

Kuwait City, Kuwait – 21 April 2011 ALAFCO Aviation Lease and Finance Company released its financial results for the first half of the current fiscal year ended 31 March 2011. Net profits rose five times to KD 25.4 million versus KD 5 million in the previous year. Earnings per share increased five fold to 32.63 fils as compared to 6.23 fils in the previous year.

2011/01/18
ALAFCO Aviation Lease and Finance Company announced its financial results for the first quarter of the current fiscal year that ended 31 December 2010.

The company earned a net profit of KD 21.8 million during the period, increasing around ten fold compared to KD 2.3 million reported during the same period last year. Earnings per share also rose around ten times to 28 Fils, compared to 3 Fils last year.

2010/11/24
ALAFCO Announces Year End Financial Results

Net profit KD 10.8 million Assets increased 37% to KD 536 million

2010/07/18
ALAFCO Aviation Lease and Finance Company reported a net profit of KD 7.8 million for the 9 months of its current fiscal year

ALAFCO Aviation Lease and Finance Company reported a net profit of KD 7.8 million (US$27.1 million) for the 9 months of its current fiscal year that ended 30 June 2010.

2010/04/27
ALAFCO Aviation Lease and Finance Company reported a net profit of KD 5 million for the first half of its current fiscal year

ALAFCO Aviation Lease and Finance Company reported a net profit of KD 5 million (US$ 17.36 million) for the first half of its current fiscal year that ended 31 March 2010.

2009/11/10
ALAFCO announces profit of KD 10.2 million for 2009

The Chairman and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company Mr. Ahmad A. Alzabin announced the company realized a net profit of K.D. 10.2 million (US $35.6 million) in the fiscal year that ended 30 September 2009.

2009/10/04
ALAFCO Delivers The First Of 13 Airbus A320 Aircraft To Saudi Arabian Airlines

Saudi Arabian Airlines (Saudia), Saudi Arabia’s national airline, took the first step in fleet modernization by taking delivery of its first A320 aircraft from Alafco Aviation Lease and Finance Company (ALAFCO).

2009/04/22
ALAFCO operating profit during the 1st Half of the current fiscal year reached KD 6.2 million

Chairman and CEO of ALAFCO Aviation Lease And Finance Company, Ahmad A. Alzabin announced that the operating profit of the company during the 1st Half of the current fiscal year that ended 31 March 2009 reached KD 6.2 million

2008/12/17
Press statement on the general assembly meeting of ALAFCO Aviation Leasing and Finance Company. Dated 17/12/2008 - Kuwait Chamber of Commerce and Industry

It is my pleasure to welcome the press, whom we view as partners to our success, at the threshold of a new year for ALAFCO Aviation Lease and Finance Company.

2008/11/12
ALAFCO Leases Six B787 Dreamliner Aircraft to Oman Air

ALAFCO Aviation Lease And Finance Company and Oman Air have signed a memorandum of understanding for the lease of six (6) Boeing B787 Dreamliner aircraft for a term of twelve years.

2008/11/13
ALAFCO sells 5 A320-200 aircraft valued at US$ 325 million to Aref Holding Group

ALAFCO Aviation Lease and Finance Company and Aref Holding Group announced the signature of an agreement whereby ALAFCO will sell to Aref Logistics Company (Rubban) 5 new A320-200 aircraft.

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