Olaad Ali Al-Ghanim Cars Company Reports Net Profits of 10.26 Million Kuwaiti Dinars

Yousef Abdullah Al-Qatami:

Alad Ali Alghanim Automobiles Company announced net profits attributable to shareholders of the parent company amounting to 10.25 million dinars during the first half of 2026, while basic earnings per share attributable to shareholders of the parent company stood at 26.01 fils per share. Total revenues for the company reached 108.5 million dinars during the period, supported by the strong performance of several key brands, alongside continued growth in after-sales services. Total assets amounted to 276.6 million dinars, while shareholders’ equity attributable to shareholders of the parent company reached 102.26 million dinars.

The company recorded solid operational levels during the first half, despite the geopolitical challenges and shifts the region experienced in recent months. 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 share’s nominal value, equating to 24.48 fils per share.

**Distinctive Performance Amid Regional Challenges**

Commenting on the results, Fahad Ali Alghanim, Chairman of the Board of Directors of Alad Ali Alghanim Automobiles Company, said: “The first-half data reflect the company’s ability to continue delivering strong results and maintaining a steady operational pace, while simultaneously advancing its service offerings and expanding 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 capacity to sustain outstanding performance levels, underpinned by its diversified business portfolio, strong partnerships, and regional footprint.”

Alghanim noted that the company’s regional expansion is increasingly reflected in its 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 ongoing 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 Sustained Growth**

For his part, Yusuf Abdullah Al-Qutami, 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 levels of readiness and operational efficiency, have facilitated smoother operations across all business segments. This has positively impacted service quality, strengthened customer proximity, and reinforced trust in the company’s network and services.”

Al-Qutami pointed out that the company continues to develop its showrooms and service centers, expanding its operational capacities in key markets, while investing in technical systems and human resource training to enhance service quality and elevate customer satisfaction levels.

He concluded his statement: “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 we operate in, despite ongoing regional challenges.”