NCB Capital aircraft leasing platform expands

NCB Capital, an investment bank in Saudi Arabia with over USD 40 billion of assets under management and the largest global Shariah-compliant asset manager, has announced that a vehicle advised by one of its subsidiaries has signed an agreement to acquire a portfolio of 19 commercial aircraft from AerCap Holdings N.V. AerCap, a provider of aircraft leasing and aviation finance, will offer technical and lease management services to the portfolio.