ALAFCO Aviation Lease and Finance Company KSCC had accepted the resignation of its Chief Executive Officer, Ahmad al-Zain. Abu al-Qasim Abdul Ghafar was named acting Chief Executive Officer. The company elected a new management board.

Ahmad al-Zain was appointed board chairman, and Tallal al-Nisf was named deputy chairman. The remaining board members are Youssef al-Humeidi, Youssef al-Majid, Abdul Wahab alal-Rashwad, and Abdul Mohsen al-Hamad.