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20

Kuwait Airways Sell Off Its Alafco’s Stake

State-owned Kuwait Airways Corp will sell its 11.4 per cent stake in aircraft lessor Aviation Lease and Finance Co after its privatization program, a local daily said yesterday

State-owned Kuwait Airways Corp will sell its 11.4 per cent stake in aircraft lessor Aviation Lease and Finance Co after its privatization program, a local daily said yesterday.

Al Watan newspaper said in an unsourced report Kuwait Airways is to sell its stake for at least 450 fils per share, above Monday's closing price of 260 fils.