x Abu Dhabi, UAESunday 23 July 2017

Kuwait Finance House unit Alafco mulls listing abroad

Aircraft leasing group Alafco, a unit of Kuwait Finance House, may list some of its shares on an international exchange, according to a market filing on Sunday.

Aircraft leasing group Alafco , a unit of Kuwait Finance House (KFH), may list some of its shares on an international exchange, according to a market filing on Sunday.

Kuwait-based Alafco said the idea came from shareholders and did not disclose the size of the stake that could be listed nor on which exchange. It plans to carry out due diligence on the proposal, the filing said.

KFH, one of the largest Islamic lenders in the Gulf Arab region, owns a 53.69 per cent stake in Alafco according to its website. State-run Kuwait Airways owns 11.47 per cent and private investors own the rest.

 

* Reuters