Alsalimiyah Group Reports Net Profit of 2.052 Million Dinars in 9 Months

Adwan Al-Adwan, Chairman and Chief Executive Officer of Al-Salmiya Group for Project Development (an entity 81.9% owned by Al-Tijariya Real Estate Company), announced that the company’s financial results for the period ending September 30, 2026, yielded net profits of 2.052 million Kuwaiti dinars.

Al-Adwan stated that these results reflect stable operational performance and improved investment revenues, supported by the continuous 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 continues to strengthen 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 enhance visitor experience and develop services and facilities.

He noted that the company is preparing to commence development of its integrated commercial project in the Qirwan area, in collaboration with the Public Authority for Housing Welfare. This initiative aligns with its expansion plan to develop high-quality projects serving various segments of society. The project includes a commercial complex, a health club, and public parking facilities. The company is 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.

Al-Adwan also reaffirmed the company’s commitment to embedding environmental, social, and governance (ESG) principles by continuing to adopt community and environmental initiatives, driven by its social responsibility and belief in the importance of supporting activities that serve the community and promote sustainability, thereby achieving a positive and lasting impact.

As part of its community initiatives, Boulevard Park continued its role as a venue sponsor by hosting a heart health awareness campaign organized by Al-Tijariya, in collaboration with the Kuwait Heart Association. The campaign included free blood pressure, blood sugar, and cholesterol screenings, along with health guidance provided by the association’s medical team.

During the third quarter, Al-Salmiya Boulevard organized interactive events for its summer program “With Screens… Away from Screens,” in partnership with the “Your Child is Your Educational Ambassador” initiative. The program featured a range of educational and recreational activities for children under the theme “We Plant and Protect,” aiming to raise children’s awareness about the importance of agriculture, greening, and environmental conservation.

Regarding environmental initiatives, the company continued its weekly initiative to distribute saplings to visitors of Boulevard Park under the slogan “Plant Today… for a Better Tomorrow,” aiming to raise awareness about the importance of afforestation and preserving green spaces, and to foster a culture of environmental care.

Al-Adwan affirmed that the company will continue working to realize its future vision and strengthen its position by implementing its strategic plans and delivering sustainable added value to shareholders.