Kuwait's Alafco mulls foreign listing

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.