Mubasher: The National Bank of Kuwait (NBK) has recently signed a joint financing contract for Aviation Lease and Finance (Alafco).
The NBK’s share in this three-year contract reached $75 million (KWD 23 million); NBK was the lead arranger in this deal, according to a recent official statement.
This share represents 25% of the overall financing value of $300 million to Alafco.
This financing contract is in compliance with the Islamic law, the statement added.
