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Historical Review
1963
Kuwait Aviation Fuelling Company (KAFCO) was established on 1st of July, 1963 as a Kuwaiti company owned by Kuwait National Petroleum company by (51%) and British Petroleum Company Limited (BP) by (49%) with a capital starting from KD. 30,000/-. The company’s activity is limited to aircraft fuelling operations for all types of aircrafts that use Kuwait International Airport.
1973
In 1973, KNPC acquired BP’s shares, resulting in 100% ownership of KAFCO as a Kuwaiti Shareholding Closed Company (K.S.C.C). This allowed KNPC to contribute to the company’s operations and strategic direction.
1987
By 1987, KAFCO became a subsidiary of Kuwait Petroleum Corporation (KPC), further strengthening its position within the petroleum industry and leveraging the resources and expertise of KPC.
2007
In 2007, KAFCO underwent a significant capital increase, raising it to KD 15 million. This infusion of funds allowed the company to expand its capabilities and meet the growing demand of the aviation fuel market.
2017
In 2017, KAFCO’s ownership was transferred from Kuwait Petroleum Corporation (KPC) to Kuwait National Petroleum Company (KNPC) and sustained its business as a subsidiary of KNPC.
2021
In 2021, KAFCO transitioned from a Shareholding Closed Company (K.S.C.C) to a Single Person Company (S.P.C) while remaining fully owned by KNPC. This structural change reflects the company’s evolving nature and commitment to adapt to the changing business landscape.