Ali Al-Ghanim Cars Profits Reach 18.77 Million Dinars in 9 Months

Total revenues for the company reached 191,738,777 Kuwaiti dinars during the period, supported by the performance of its core activities and contributions from after-sales services and other operational activities. Total assets amounted to 265,553,230 dinars, while shareholders’ equity attributable to the parent company’s shareholders stood at 100,540,884 dinars. The company continued to implement its operational and strategic plans during the first nine months of the year, focusing on enhancing operational efficiency, improving supply chains, and developing services, amid the changes and challenges the region has witnessed since the beginning of the year.

On this occasion, Fahd Ali Al-Ghanim, Engineer and Chairman of the Board of Directors of Ould Ali Al-Ghanim Motors Company, stated: “The results for the nine months ended on September 30, 2026, reflect the company’s ability to continue its operations and respond flexibly to the changes the markets have experienced this year, relying on the strength of its business model, the diversity of its activities, and its strategic partnerships with major global brands.”

Al-Ghanim added: “Despite geopolitical challenges and the resulting disruptions in trade and supply chains, we achieved record profits in the third quarter of the year, with a 10 percent growth compared to the same period last year, driven by improved sales performance. We also continued to enhance our operational readiness and develop our capabilities to ensure business continuity and meet our customers’ needs, while maintaining our focus on long-term strategic objectives.”

He noted that the company continues to strengthen its regional presence, leveraging the diversity of its operations in Kuwait, Iraq, and Egypt, which supports expanding its customer base and capitalizing on growth opportunities in the markets where it operates.

In line with the company’s commitment to human capital development, Al-Ghanim emphasized the ongoing investment in employee skill development and professional capacity building through training and development programs, and fostering a stimulating work environment that supports innovation and equal opportunity, thereby preparing the necessary talent to keep pace with the company’s evolving business.

He added that the company continues to support community initiatives focused on education, training, and youth empowerment, reflecting its commitment to contributing to community development and reinforcing its role as a socially responsible corporate entity.

For his part, Yusuf Abdullah Al-Qatami, Vice Chairman and Chief Executive Officer of the company, stated: “During the first nine months of the year, we continued to focus on enhancing operational efficiency and strengthening supply chain resilience by developing shipping routes and diversifying logistics options, which helps ensure the steady arrival of vehicles and spare parts and improves our ability to meet demand in key markets.”

Al-Qatami added: “The measures we implemented helped address challenges related to shipment delays, improved inventory management, and enhanced operational readiness, enabling us to respond more efficiently to market needs and improve the consistency of deliveries to customers.”

He clarified that the diversity of the company’s activities is one of the key factors supporting its operational performance, highlighting the importance of after-sales services and used car sales in boosting revenue streams, alongside new car sales and other activities.

Al-Qatami concluded his remarks by saying: “We continue to work during the remainder of the year to enhance our operational efficiency and leverage the operational improvements we have implemented, while maintaining our readiness to respond to changes and capitalize on growth opportunities in the markets where we operate.”