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ALAFCO, majority owned by Islamic bank Kuwait Finance House, ordered 12 Boeing 787s and six 737-800s in March valued at USD$2. The private Kuwait Finance House (KFH) has been promoting integrated ventures at Sitra in Bahrain and in the Divided Zone (which is shared equally by Kuwait and Saudi Arabia) to produce petrochemicals as well as power and water. The 20th day of the run was March 15, 2001, the last day for companies to make tax payments; large depositors had communicated their withdrawal needs to the SFH's officials, who in turn arranged for a cash infusion from the Kuwait Finance House to cover the spike in liquidity needs. |
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