Olaad Ali Al-Ghanim Cars Company Reports Net Profits of 10.26 Million Kuwaiti Dinars
Ould Aley Al Ghanim Automobiles announced net profits attributable to shareholders of the parent company amounting to KD 10.25 million during the first half of 2026, with basic earnings per share attributable to the parent company’s shareholders reaching 26.01 fils per share.
Total revenues for the period stood at KD 108.5 million, supported by the strong performance of several key brands and continued growth in after-sales services. Total assets reached KD 276.6 million, while shareholders’ equity attributable to the parent company’s shareholders amounted to KD 102.26 million.
The company recorded solid operational performance during the first half, despite the geopolitical challenges and shifts the region experienced over the past period.
The Board of Directors decided to distribute semi-annual cash dividends to shareholders for the financial period ending on June 30, 2026, at a rate of 24.48% of the par value of the share, equivalent to 24.48 fils per share.
**Distinctive Performance Amid Regional Challenges**
Commenting on the results, Eng. Fahad Ali Al Ghanim, Chairman of the Board of Directors of Ould Aley Al Ghanim Automobiles, stated: “The first-half data reflect the company’s ability to continue delivering strong results and maintaining a steady pace of operations, alongside its ongoing efforts to develop its services and expand its presence in several regional markets.”
He added: “Despite the geopolitical developments and challenges the region has faced recently, the company has demonstrated high operational resilience and the ability to sustain outstanding performance levels, supported by its diversified business portfolio, strong partnerships, and regional footprint.”
Al Ghanim noted that the company’s regional expansions are increasingly reflecting positively on business results, whether through the growing contribution of its operations in Iraq and Egypt or by introducing new brands and services that diversify revenue streams and enhance long-term business resilience.
He further stated: “As part of our continued efforts to diversify our business, we launched luxury motorcycle activities through BMW Motorrad in Kuwait. This move strengthens our presence in the mobility sector and expands the portfolio of global brands we represent, offering customers a comprehensive experience in line with BMW’s highest global standards, alongside after-sales services, certified technicians, and genuine spare parts.”
He continued: “During the current phase, we remain focused on enhancing the customer experience, improving service efficiency, and strengthening operational infrastructure readiness. We are also investing in digital solutions and expanding our operational capabilities to keep pace with the rapid developments in the automotive sector.”
**Operational Efficiency and Continuous Growth**
For his part, Yusuf Abdullah Al Qatami, Vice Chairman and Chief Executive Officer of the company, said: “The company recorded a balanced performance across various activities during the first half, supported by sustained momentum in after-sales services, which contributed to revenue diversification and enhanced profitability levels.”
He added: “Improvements in inventory management, along with higher readiness and operational efficiency levels, have facilitated smoother operations across different business segments. This has positively impacted service quality, strengthened customer proximity, and reinforced trust in the network and services provided by the company.”
Al Qatami pointed out that the company continues to develop its showroom network and service centers, while expanding its operational capabilities in key markets. Additionally, it is investing in technical systems and human resource training to enhance service quality and raise customer satisfaction levels.
Al-Qatami concluded his statement by saying, “We enter the second half of 2026 with confidence, backed by clear plans to continue growth and strengthen the company’s position in the markets where we operate, despite ongoing regional challenges.”
