ALAFCO (Aviation Lease and Finance Company) announced in a statement issued today to Boursa Kuwait that it has signed a USD 75 million secured syndicated financing agreement (i.e., KWD 23 million) managed by KFH Capital. The first instalment of the syndicated financing facility amounts to USD 40 million. The company will disclose the date of the subsequent payments later. ALAFCO explained that the agreement will affect the company's financial position, by increasing assets through increasing cash and cash equivalents by USD 40 million (i.e., KWD 12 million approximately), and increasing liabilities by the same amount through increasing due to financial institutions.