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ALAFCO Announces Year End Financial Results

2016/03/16
ALAFCO Aviation Lease and Finance Company sign lease agreement with Air India for 14 Airbus A320neo aircraft

Hyderabad, India, 16 March 2016 – ALAFCO Aviation Lease and Finance Company announced that it has signed an agreement with Air India for the lease of 14 new Airbus A320neo aircraft powered by CFM’s LEAP-1A engines. The aircraft will be leased for a period of 12 years, with the first six aircraft scheduled for delivery in 2017, six to be delivered in 2018 and the last two aircraft in 2019. All 14 aircraft are part of ALAFCO’s existing order book with Airbus.

2016/02/15
ALAFCO Aviation Lease and Finance Company signs sale and leaseback agreement with Aegean Airlines

Kuwait City, Kuwait, 15 February 2016 – ALAFCO Aviation Lease and Finance Company announced it signed a sale and leaseback agreement with Aegean Airlines for one new Airbus A320-200 aircraft. This is the second of two aircraft to be delivered to Aegean Airlines under a sale and leaseback agreement with ALAFCO, the first which was delivered in July 2015.

2015/10/27
ALAFCO announces net profit of KD 16 million for the year ended 30 September 2015. Shareholders’ equity increased 11% and earnings per share is 19.6 fils

Kuwait City, Kuwait, 25 October 2015 – The Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of 16 million Kuwaiti Dinars for the fiscal year ended 30 September 2015. This translates into Earnings per Share of 19.6 fils. Shareholders’ equity increased 11 percent to 219 million Kuwaiti Dinars. Total assets amounted to 704 million Kuwaiti Dinars. The Board of Directors has recommended a cash dividend of 5 fils per share subject to approval by the General Assembly of the company and related authorities.

2015/04/16
ALAFCO announces net profit of KD 8.2 million and earnings per share of 10 fils for the first half of the year ended 31 March 2015

Kuwait City, Kuwait, 16 April 2015 – Vice Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of 8.2 million Kuwaiti Dinars for the first half of its current fiscal year ended 31 March 2015.

2015/02/02
ALAFCO released its financial results for the first quarter of its current fiscal year ended 31 December 2014

Kuwait City, Kuwait – 2 February 2015 – ALAFCO Aviation Lease and Finance Company released its financial results for the first quarter of its current fiscal year ended 31 December 2014. The net profit for the period was KD 4.3 million. That translates to earnings per share of 5.28 fils.

2014/9/30
ALAFCO announces net profit of KD 16.5 million for the year ended 30 September 2014. Shareholders’ equity increased 9% and earnings per share is 21.2 fils

Kuwait City, Kuwait, 29 October 2014 - Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of 16.5 million Kuwaiti Dinars for the fiscal year ended 30 September 2014.

2013/11/20
ALAFCO announces net profit of KD 20.6 million for the year ended 30 September 2013

Kuwait City, Kuwait, 20 November 2013 - ALAFCO announced a net profit of KD 20.6 million for the fiscal year ended 30 September 2013. The earnings per share was Fils 26.5 and shareholders' equity increased 11% to KD 180.8 million, while total assets stood at KD 670 million. The Board of Directors has recommended the distribution of cash dividend of Fils 5 per share subject to approval by the general assembly of the company.

2013/04/24
ALAFCO reports net profit of KD 13.2 million for the first half ended 31 March 2013

Kuwait City, 24 April 2013 – ALAFCO Aviation Lease And Finance Company announced financial results for the first half of the fiscal year that ended 31 March 2013.

2013/04/22
ALAFCO and Garuda Sign Agreements For The Sale and Leaseback of 2 B777-300ER Aircraft

Kuwait City, 22 April 2013 – ALAFCO Aviation Lease And Finance Company and PT Garuda Indonesia (Persero) Tbk jointly held a ceremony today in Jakarta to commemorate the signing of agreements for the sale and leaseback of 2 new Boeing 777-300ER aircraft.

2012/02/12
ALAFCO earned net profit of KD 11 million for the First Quarter Ended December 31, 2012

Kuwait City, Kuwait, 12 February 2012 - The Chairman & CEO, Ahmad A. Alzabin announced that ALAFCO has achieved a net profit of KD 11 million and earnings per share of Fils 14 for the first quarter ended December 31, 2012.

2012/12/03
ALAFCO's net profit KD 25.6 million for the year ended 30 September 2012

Kuwait City, Kuwait, 03 December 2012 - ALAFCO announced a net profit of KD 25.6 million for the fiscal year ended 30 September 2012. The profit per share was Fils 33, and shareholders' equity increased 15% to reach KD 163.2 million while total assets stood at KD 579 million. The Board of Directors recommended the distribution of cash dividend of Fils 5 per share, subject to approval by the general assembly of the company.

2012/11/19
Forbes: ALAFCO, Top Executive Management in the Arab World

"Forbes-Middle East" magazine published in its last issue a list of the strongest executive managements of Arab shareholding companies. ALAFCO Aviation Lease and Finance Company has come first in terms of all economic sectors,

2012/07/25
ALAFCO earned net profit of KD 22.3 million for the first 9 months

Kuwait City, Kuwait, 25 July 2012 - ALAFCO announced a net profit of KD 22.3 million for the first nine months of its current fiscal year that ended 30 June 2012. The profit per share was Fils 28.5. Company Chairman & CEO, Ahmad A. Alzabin, said that the results were in line with the forecast and noted that the net profit during this period included an exceptional profit resulting from the modification of some aircraft purchase agreements.

2012/07/10
ALAFCO Announces Initial Commitment for 20 Boeing 737 MAX Aircraft

FARNBOROUGH, United Kingdom, July 10, 2012 – Kuwait based airplane leasing company ALAFCO and Boeing today announced initial commitment at the 2012 Farnborough Airshow for 20 Boeing 737 MAX 8s valued at $1.9 billion at current list prices.

2012/04/19
ALAFCO earned net profit of KD 18.3 million for the first half ended March 31, 2012

Kuwait City, Kuwait, April 19, 2012 - ALAFCO's Chairman & CEO, Ahmad A. Alzabin, announced the company's first half financial result for the period ended March 31, 2012. He said the company achieved a net profit of KD 18.3 million, and earnings per share of Fils 23.4 during the first half. Alzabin explained that the net profit included exceptional profit realized through the adjustment of some purchase agreements with aircraft manufacturers.

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