10.26 million KD net profit for 'Olad Ali Al-Ghanim Cars'
Earnings of 26.01 fils per share and distribution of 24.48% of par value for the first half
Fahad Al-Ghanim:
Results reflect the resilience of the business model and continued outstanding performance despite regional challenges and changes
Focus in the current phase on investing in digital solutions and expanding the company’s operational capabilities
We launched the luxury motorcycle activity "BMW Motorrad" along with its after-sales service and 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 reflected positively on service quality, enhanced proximity to customers, and strengthened their trust
We continue to develop the network of showrooms and services and enhance operational readiness in key markets
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Olaad Ali Al-Ghanim Automobiles Company announced net profits attributable to parent company shareholders of 10.25 million Kuwaiti dinars during the first half of 2026, while basic earnings per share attributable to parent company shareholders reached 26.01 fils per share.
Total company revenues amounted to 108.5 million Kuwaiti dinars during the period, supported by the strong performance of several key brands, alongside continued growth in after-sales services. Total assets stood at 276.6 million Kuwaiti dinars, while shareholders’ equity attributable to parent company shareholders reached 102.2 million Kuwaiti dinars. The statement noted that the company recorded good operational levels during the first half, despite the geopolitical challenges and changes the region witnessed in the recent past. It added that 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.
Outstanding performance despite regional challenges
On this occasion, Fahad Al-Ghanim, Chairman of the Board of Directors of Olaad Ali Al-Ghanim Automobiles Company, 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.” Al-Ghanim added: “As part of our ongoing business diversification, we launched the luxury motorcycle activity through BMW Motorrad in Kuwait, a move that strengthens our presence in the mobility sector and expands the portfolio of global brands we represent, providing our customers with a comprehensive experience in line with the highest global BMW standards, alongside after-sales services, certified technicians, and original spare parts.”
He continued: “We continue during the current phase to focus on developing the customer experience, enhancing 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.”
Operational efficiency and continuous growth
For his part, Yousef Al-Qutami, Vice Chairman and Chief Executive Officer of the company, said: “The company recorded 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 and higher levels of readiness and operational efficiency contributed to enhancing the smooth flow of operations across various business segments, which had a positive impact on the quality of services provided and helped strengthen proximity to customers and consolidate their trust in the network and services offered by the company.”
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Al-Qatami noted that the company continues to develop its showroom network and service centers, expand its operational capabilities in key markets, and invest in technological systems and human resource training, all of which enhance service quality and elevate customer satisfaction levels.
Concluding his statement, Al-Qatami said: “We enter the second half of 2026 with confidence, backed by clear plans to sustain growth and strengthen the company’s position in the markets where we operate, despite ongoing regional challenges.”
It is worth noting that Ould Ali Al-Ghanim Automobiles began as a small family business in the early 1960s. It has since expanded to become a leading name in Kuwait’s automotive market, associated with major car brands such as Rolls-Royce, BMW, Mini, Land Rover, and McLaren. The company has now transformed into a Kuwaiti joint-stock company comprising a group of firms with a presence in Kuwait, Iraq, and Egypt. The company has established a diversified business portfolio through seven subsidiaries under its umbrella, including firms specializing in the import and distribution of passenger cars, commercial vehicles ranging from entry-level models to luxury cars, and heavy equipment. The company also operates in the supply and distribution of aftermarket products, provides after-sales services, and offers car rental services, among other activities.
Developing National Talent and Commitment to Governance
Inventory management improvements, along with increased readiness and operational efficiency, have contributed to smoother operations.
Eng. Fahad Al-Ghanim stated: “At Ould Ali Al-Ghanim Automobiles, 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 various 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 emphasized 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, ensuring a balance between economic growth and responsibility toward society and the environment, thereby enhancing the long-term sustainability of its business.
