Salmiya Group: KD 2 Million Net Profit in 9 Months

Adnan Al-Adwani, Chairman and Chief Executive Officer of Al-Salmiya Group for Project Development, announced that the financial results of Al-Salmiya Group for Project Development for the fiscal year ended September 30, 2026, yielded net profits of KD 2.052154 million. Commenting on the third-quarter 2026 financial results, Al-Adwani stated that the achieved outcomes reflect operational stability 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%.

Al-Adwani affirmed 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 by supporting recreational and community activities and striving to elevate the visitor experience through the development of services and facilities that meet the needs of various segments. He also 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, as 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 spaces, with the company currently finalizing preliminary procedures to begin construction in accordance with the approved project timeline.

In line with 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 of America. Al-Salmiya Group for Project Development also reaffirmed its commitment to embedding environmental, social, and governance (ESG) sustainability principles by continuing to adopt community and environmental initiatives, driven by its corporate social responsibility and belief in the importance of supporting activities that contribute to community service and reinforce 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 venue sponsor by hosting a heart health awareness campaign organized by Al-Tijariya Real Estate Company in partnership with the Kuwait Heart Association. The campaign included free blood pressure, blood sugar, and cholesterol tests, 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 of 2026 also saw Al-Salmiya Boulevard organize interactive events for its summer program “On Screen… Away from the Screen,” in collaboration 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.” These events aimed to introduce children to the importance of agriculture, greening, and environmental conservation through interactive experiences that combine learning and entertainment, helping to develop their skills and foster creativity and exploration, thereby 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 of 2026 to implement its weekly initiative to distribute saplings to visitors of Boulevard Park under the slogan “Plant Today… for a Better Future.” This effort aims to raise awareness about the importance of afforestation and preserving green spaces, reinforce a culture of environmental care, and encourage active community participation in environmental efforts.