Kuwait's Alafco mulls foreign listing

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images)

(Getty Images)

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 percent stake in Alafco according to its website. State-run Kuwait Airways Corporation owns 11.47 percent and private investors own the rest.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Little-known investor poised to score big with Twitter IPO

Little-known investor poised to score big with Twitter IPO

New Yorker Suhail Rizvi has quietly amassed a $1bn 15% stake...

Mark Zuckerberg: A billionaire's life

Mark Zuckerberg: A billionaire's life

Arabian Business takes a closer look at the growth of a New Media...

1
Is Facebook really worth $100bn?

Is Facebook really worth $100bn?

The time has finally come for the internet’s biggest phenomenon...

2
Most Popular
Most Discussed
  • 16
    Emirates could offer cheaper fares by April

    I was an avid traveller on Emirates, very good service a few not so good times but hey it can happen with any airliner. Now since the last 2 years, i've... more

    Tuesday, 27 January 2015 7:30 PM - Arjun
  • 9
    Expat dies after car plunges from high rise car park in Abu Dhabi

    It looks like the small black/yellow barrier worked like a ramp when the car was reversing and lifted it over the very short outside wall. Very very dangerous... more

    Tuesday, 27 January 2015 12:47 PM - Klaus B.
  • 8
    Rise of the Islamic fashion industry

    It feels great to see that many fashion designers are coming with with the new trends of Muslim clothes. Along with abaya addict, i love the designs offered... more

    Tuesday, 27 January 2015 12:46 PM - Hafeeza Noor