THE COMPANY: ALAFCO is a commercial aircraft lease provider founded in 1992 as a venture subsidiary of Kuwait Airways. It was registered in 2000 as a closed shareholding company after a takeover of a majority stake by Kuwait Finance House in 1999. ALAFCO offers a wide range of consultative services in...
Having 10 local banks and 11 branches of foreign operators serving a population of around 3m might appear to make for a fragmented market, but the distribution of assets is concentrated in a relatively small number of institutions. At the beginning of 2011 the nation’s two leading banks accounted for about 55.7% of the sector’s total asset base of...
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