Alsalimiyah Group Posts 2 Million KD Profit Through Q3

Adnan Al-Adwani, Chairman and Chief Executive Officer of Al-Salmiya Group for Project Development P.J.S.C. (an 81.9%-owned subsidiary of Al-Tijariya Al-Aqariya Commercial Company), confirmed that the company’s results for the financial period ending on September 30, 2026, yielded a net profit of KD 2,052,154.

Commenting on the financial results for the third quarter of the current year, Al-Adwani stated that the achieved results reflect stability in operational performance and an improvement in investment revenues, supported by the continued development of the company’s projects and operational facilities. Return on equity stood at 5.7%, return on assets at 3.9%, and return on capital at 6.84%.

He emphasized that Al-Salmiya Group for Project Development continues to enhance the role of its projects, led by Boulevard Park, as a vibrant destination for families and the community. This is achieved by supporting recreational and community activities and striving to elevate the visitor experience and develop services and facilities to meet the needs of various segments.

He noted that the company is preparing to commence work on its integrated commercial project in the Qairawan area, in collaboration with the Public Authority for Housing Welfare. This initiative is part of its expansion plan to develop flagship projects serving different societal segments. The project includes a commercial complex, a health club, and public parking facilities. The company is currently finalizing preliminary procedures to begin construction works in accordance with the approved project timeline.

As part of its strategy to diversify its international investments and expand its portfolio of income-generating assets, Al-Salmiya invested in two income-generating logistics and transportation centers in Texas, United States.

The company reaffirmed its commitment to embedding environmental, social, and governance (ESG) sustainability principles by continuing to adopt community and environmental initiatives, driven by its social responsibility and belief in the importance of supporting activities that contribute to community service and enhance sustainability concepts, thereby achieving a positive and lasting impact.

Within the community initiatives witnessed during the third quarter of 2026, Boulevard Park continued its role as a sponsor by hosting a heart health awareness campaign organized by Al-Tijariya Al-Aqariya Commercial Company in collaboration with the Kuwait Heart Association. The campaign included free blood pressure, blood sugar, and cholesterol screenings, alongside health guidance provided by the association’s medical team, aiming to raise awareness about the importance of regular check-ups and early detection.

The third quarter also saw the organization of Boulevard Al-Salmiya’s interactive summer program, “On Screen... Away from the Screen,” in partnership with the “Your Child is Your Educational Ambassador” initiative. The program featured a series of educational and recreational activities for children under the theme “We Plant and We Protect.” The events aimed to introduce children to the importance of agriculture, greening, and environmental conservation through interactive experiences combining learning and entertainment, helping to develop their skills and foster creativity and exploration, enabling them to engage in meaningful experiences that enrich their time and leave a positive, sustainable impact.

Regarding environmental initiatives, the company continued during the third quarter to implement its weekly initiative of distributing saplings to visitors of Boulevard Park under the slogan “Plant Today... for a Better Tomorrow.” This effort aims to raise awareness about the importance of afforestation and preserving green spaces, instill a culture of environmental care, and encourage active community participation in environmental efforts.