Elaborating, Al-Mudhaf said number of aircraft that got fuel from KAFCO
increased five percent last year and this led to profits' hike by seven percent.
KAFCO is projected to post record earning, during the present fiscal year, with forecast positive impact on its net profits, also predicted to jump 100 percent to reach KD 10 million, in contrast to KD five million earned the previous year, the general manager told Kuwait News Agency (KUNA).
Al-Mudhef added that the internationally-renowned award was granted to KAFCO in appreciation for its good and sustainable safety and professional standards and measures.
KAFCO was formed on 1st July 1963, but its expansion started in the early 1970's.
Al-Mudhef made his remarks in a statement to reporters on the sidelines of a ceremony hosted by KAFCO marking its Golden Jubilee.
The official pointed out to the existence of coordination with the Kuwait Civil Aviation to overcome all obstacles and obstructions inside the airport, adding that the company's focus will be on the Gulf region to attract Gulf companies which in turn contribute in the increase in KAFCO sales.
By Osama Jalal KUWAIT, March 25 (KUNA) -- The state-run Kuwait Aviation Fueling Company, more commonly known as KAFCO, is set to celebrate its Golden Jubilee in a ceremony on Thursday amid the attendance of Minister of Oil and State Minister for National Assembly Affairs Ali Al-Omair.
KAFCO has spared no effort or expense in order to procure equipment of the highest standard.
is keen to cooperate with other parties to work on having it completed,