News

Ali Alghanim Automotive Company announces the distribution of a semi-annual cash dividend at a rate of 35% of the nominal value per share, equivalent to 35 fils per share, for the period ended on 31/12/2024. Additionally bonus shares for the year ended on 31/12/2024. The dividends will be distributed to shareholders who are registered in the company's records as of the record date scheduled for Sunday, 27/04/2025. The distribution of dividends will begin on Tuesday, 29/04/2025.

Ali Alghanim Sons Automotive Company (K.S.C.P) held its Ordinary and Extraordinary General Assembly and approved a cash dividend of 35 fils for the second half, bringing the total cash dividends to 70 fils for 2024. Additionally, the Ordinary General Assembly approved a 30% bonus share distribution for 2024.

The Board of Directors of Ali Alghanim Sons Automotive Company (K.S.C.P) is pleased to invite its shareholders to attend the Ordinary and Extraordinary General Assembly Meetings, scheduled to be held on Thursday, March 27, 2025, at 2:00 PM. Shareholders may participate and vote through the electronic system of Kuwait Clearing Company or by attending and voting in person at the company's headquarters, located in the Shuwaikh Industrial Area – Airport Road – Ali Alghanim & Sons Automotive Showroom (BMW).

The Board of Directors of Ali Alghanim Sons Automotive Company (K.S.C.P) is pleased to invite its shareholders to attend the Ordinary and Extraordinary General Assembly Meetings, scheduled to be held on Thursday, March 27, 2025, at 2:00 PM. Shareholders may participate and vote through the electronic system of Kuwait Clearing Company or by attending and voting in person at the company's headquarters, located in the Shuwaikh Industrial Area – Airport Road – Ali Alghanim & Sons Automotive Showroom (BMW).

Ali Alghanim Sons Automotive Company announced that it achieved net profits attributable to the shareholders of the parent company with amount of amounting to 29,260,282 Kuwaiti dinars for the fiscal year ended December 31, 2024, recording a growth of 2.73% compared to 2023. The earnings per share (EPS) reached 106.81 fils, reflecting a 2.77% increase compared to the same period of the previous year.

Under the slogan "A New Step in Egyptian Manufacturing by Automobility," Prime Minister Mostafa Madbouly inaugurated the production lines for "Geely" cars at the Bavarian Auto Manufacturing Company’s plant in the Sixth of October City. This strategic move aims to boost the local automotive industry in Egypt. He was accompanied by Lieutenant General Kamel El-Wazir, Deputy Prime Minister and Minister of Transport and Industry; Dr. Ahmed Kouchouk, Minister of Finance; Dr. Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation; Hassan El-Khatib, Minister of Investment and Foreign Trade; Dr. Ibrahim Saber Khalil, Governor of Cairo; Eng. Adel Saeed El-Naggar, Governor of Giza; H.E. Ambassador Ghanim Saqr Ali Shahin Alghanim, Ambassador of the State of Kuwait to Cairo and Permanent Representative to the Arab League; Eng. Fahad Ali Alghanim, Chairman of Ali Alghanim Sons Automotive Company and Chairman of Automobility; Captain Essam Al-Arjani, CEO of Al-Arjani Group; and Othman, Managing Director of Automobility.This initiative aligns with Automobility's commitment to advancing local manufacturing in accordance with the Egyptian government's strategy to localize the automotive industry. This strategy aims to support the national economy and create new job opportunities. The local manufacturing rate is 45%, and the factory features two production lines for Geely cars, with a total annual capacity of 10,000 vehicles.

Ali Alghanim Sons Automotive Company announced achieving Net profits of 21.485 million Kuwaiti Dinars during the nine months of the current year, marking a growth rate of 2.66% compared to the same period last year. The company recorded earnings per share (EPS) of 78.42 fils per share, with a growth rate of 2.68% compared to the same period in year 2023.

Ali Alghanim Sons Automotive Company announces the distribution of cash dividends of 35% of the share nominal value at the rate of 35 fils per share, for the First Half ended on 30/06/2024 to the shareholders registered in the company's records at the end of the record date scheduled on Wednesday 21/08/2024, The dividends will be distributed on Sunday, 25/08/2024.

Ali Alghanim Sons Automotive Company announced profits of 14,257,697 Kuwaiti Dinars for the first half of this year, reflecting a growth of 6.28% compared to the corresponding period last year. The company recorded earnings of 52.04 fils per share, with a growth rate of 6.31% compared to the first half of 2023.

Ali Alghanim Sons Automotive Company announced achieving profits of 6,316,568 Kuwaiti Dinars during the first quarter of the current year, equivalent to 23.05 fils per share, with a growth of 5.44 percent compared to the same period of the previous year, 2023.

Ali Alghanim Sons Automotive Company announces the distribution of cash dividends of 35% of the share nominal value at the rate of 35 fils per share, for the six months ended December 31, 2023 to the shareholders registered in the company's records at the end of the record date scheduled on Sunday 21/04/2024, The dividends will be distributed on Tuesday, 23/04/2024.

The Board of Directors of Ali AlGhanim Sons Automotive Company (K.S.C.P.) invites the honorable shareholders to attend the Ordinary General Assembly meeting scheduled to be held on Thursday, March 28, 2024, at exactly one o’clock in the afternoon, by participating and voting via the Kuwait Clearing company’s electronic systems, or through attendance and direct voting at the company's headquarters.

The Board of Directors of Ali Al-Ghanim Sons Automotive Company (K.S.C.P.) invites the honourable shareholders to attend the Ordinary General Assembly meeting scheduled to be held on Thursday, March 28, 2024, at exactly one o’clock in the afternoon, by participating and voting via the Kuwait Clearing company’s electronic systems, or through attendance and direct voting at the company's headquarters.

Fahad Al-Ghanim: 'Global Auto' an associate company of 'Ali Alghanim Sons Automotive Company (K.S.C.P)' signed an agreement with the Egyptian government to develop and enhance the automotive sector.

Ai Alghanim Sons Automotive Company K.S.C.P. recorded a net profit of KWD 6 million for the period ending 31 March, 2023, announcing a 47% increase in profits, in comparison to the same period from last year

Ali Alghanim Sons Automotive Company (ALG) and as part of its Corporate Action Schedule is happy to announce the distribution of cash dividends for the six months of the period ended 31/12/2022.

Ali Alghanim Sons Automotive Company (ALG) is delight to announce that the Ordinary General Assembly meeting will be held on Wednesday March 22, 2023 at 1:00 pm.

Proposed dividend distribution of 34 fils in cash for second half of 2022, amounting to 57.78 fils for the whole year

Ali Alghanim and Sons recently announced the launch of its operations in the Egyptian market

Ali Alghanim and Sons Automotive Company has successfully opened its newest BMW showroom in Al Jahra Governate, further expanding its presence locally.

Ali Alghanim Sons Automotive Company K.S.C.P. (Ali Alghanim Sons) announced its exceptional financial results for the nine-month period ended 30 September, 2022, where it exceeded expectations with a recorded KWD 4.83 million in net profits

Ali Alghanim Sons Automotive Company (ALG) and as part of its Corporate Action Schedule is happy to announce the distribution of cash dividends for the half year of the financial period ended 30/06/2022.

Ali Alghanim Sons Automotive Company K.S.C.P. announced today exceptional financial results where it recorded a KWD 8.8 million in net profit, a 31.72 fills profit per share, for the first half of 2022, compared to a KWD 7.89 million for the same period in 2021, reflecting an 11.6% increase in the company’s net profit.