10.26 million dinars in profits for Al-Olaya Al-Ghanim Cars in the first half
- Fahad Al-Ghanim: The results of the first half reflect the resilience of the company’s business model and its ability to sustain outstanding performance despite regional challenges and changes.
- Our regional expansions are increasingly reflected in diversified revenue streams and enhanced operational performance.
- We launched our luxury motorcycle business through “BMW Motorrad,” complete with after-sales services and original spare parts.
- Yousef Al-Qutami: The first half witnessed balanced performance across various activities, supported by the continued momentum of after-sales services.
- Improved inventory management efficiency has translated into higher service quality, closer customer relationships, and strengthened trust.
- We remain committed to developing our showroom network and services, and enhancing operational readiness in key markets.
Al-Od Ali Al-Ghanim Automobiles Company announced net profits attributable to shareholders of the parent company amounting to KD 10,258,033 during the first half of 2026, with basic earnings per share attributable to shareholders of the parent company reaching 26.01 fils per share.
Total revenues for the company reached KD 108,507,623 during the period, supported by the strong performance of several key brands, alongside continued growth in after-sales services. Total assets stood at KD 276,610,190, while shareholders’ equity attributable to shareholders of the parent company amounted to KD 102,262,816.
The company recorded solid operational levels during the first half, despite the geopolitical challenges and changes 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 per share, amounting to 24.48 fils per share.
On this occasion, Eng. Fahad Ali Al-Ghanim, Chairman of the Board of Directors of Al-Od Ali Al-Ghanim Automobiles, stated: “The first-half data reflect the company’s ability to continue delivering strong results and maintaining a stable business pace, while simultaneously continuing to develop its services and expand its presence in several regional markets.”
He added: “Despite geopolitical developments and challenges the region faced in the past period, the company has demonstrated high operational resilience and the ability to maintain outstanding performance levels, supported by its diversified business, 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 adding new brands and services that support revenue diversification and enhance long-term business resilience.
He further stated: “As part of our continued efforts to diversify our business, we launched our luxury motorcycle activity through ‘BMW Motorrad’ in Kuwait. This step strengthens our presence in the mobility sector and expands the portfolio of global brands we represent, offering our customers a comprehensive experience in line with the highest global ‘BMW’ standards, alongside after-sales services, certified technicians, and original spare parts.”
He continued: “During the current phase, we continue to focus on enhancing the customer experience, improving service efficiency, and strengthening operational infrastructure readiness, alongside investing in digital solutions and expanding our operational capabilities to keep pace with the rapid developments in the automotive sector.”
For his part, Yousef 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 the continued momentum of 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 enhanced the smooth flow of operations across various business segments. This has positively impacted the quality of services provided, strengthened customer proximity, and reinforced their trust in the company’s network and offerings.”
Al-Qatami stated in his remarks: “We enter the second half of 2026 with confidence, supported by clear plans to continue growth and strengthen the company’s position in the markets where we operate, despite ongoing regional challenges.”
Fahad Al-Ghanim said: “At Ould Ali Al-Ghanim Motors, we place central importance on developing human capital, driven by our belief that our workforce is the fundamental pillar for sustaining growth and enhancing the company’s competitiveness. We continue to invest in developing our employees’ skills and fostering a motivating work environment based on empowerment, innovation, and equal opportunity.”
He added: “We also strive to strengthen our role in corporate social responsibility by launching and supporting diverse community initiatives that contribute to serving the local community, particularly in the fields of education, training, and youth empowerment, reflecting our commitment to acting as a socially responsible company.”
Al-Ghanim noted that the company continues to reinforce its commitment to Environmental, Social, and Governance (ESG) principles by integrating these principles into its operational strategy and daily processes. This ensures a balance between economic growth and responsibility toward society and the environment, thereby enhancing the long-term sustainability of its operations.
