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ALAFCO Announces Year End Financial Results

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.

2012/02/14
ALAFCO orders additional 35 A320neo

Strengthening its portfolio with world’s fastest selling aircraft ALAFCO Aviation Lease And Finance Company, the Kuwait-based international aircraft leasing company, has finalized a purchase order for 35 A320neo Family aircraft bringing its total backlog for the type to 85. The firm contract is an increase of the previous agreement signed at the 2011 Dubai Airshow for 50 A320neo aircraft. “After a full analysis, we concluded that the A320neo will continue to be in strong demand, ...

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.

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