Ali Alghanim Sons Automotive Company
KKSE:ALG842.00
KWF
-27.00
(-3.11%)
ISIN
KW0EQ0609648
Return %
Stock
S&P 500
1Y
-12.37
14.20
3Y
14.67
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
KWD
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Yousef Abdullah Al-Qatami
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Shuwaikh Kuwait
- IPO Date
- Jun 7, 2022
- Website
- alialghanimsons.com.kw
- Similar Companies
- Business
- Ali Alghanim Sons Automotive Company K.S.C.P. is a Kuwait-based automotive dealership and mobility solutions provider that engages in the import, distribution, retail, leasing, and after-sales servicing of passenger cars, luxury automobiles, commercial vehicles, motorcycles, and heavy machinery. The company provides a comprehensive automotive value chain comprising new vehicle sales across luxury, premium, and volume segments; certified pre-owned vehicle sales, trade-in appraisals, and valuation services; distribution of original equipment manufacturer (OEM) spare parts, tires, batteries, lubricants, and aftermarket accessories; comprehensive maintenance and repair operations, including quick-service centers, specialized paint and body repair shops, and mobile service units; short-term car rental and long-term corporate fleet leasing; and value-added consumer solutions encompassing automotive financing facilitation, insurance brokerage, vehicle testing, and official registration renewal services. The company is the authorized dealer and distributor for a prestigious portfolio of international automotive marques, including BMW, MINI, Rolls-Royce, Land Rover, McLaren, BMW Motorrad, Geely, and Great Wall Motor (GWM) / Haval. Founded in 1960 and headquartered in the Shuwaikh Industrial Area of Kuwait City, Kuwait, the company operates an extensive infrastructure of multi-brand showrooms, state-of-the-art service complexes, and parts distribution centers across Kuwait, Iraq, and Egypt, catering to individual retail customers, high-net-worth clients, corporate enterprises, and governmental entities. In recent strategic developments, Ali Alghanim Sons Automotive significantly expanded its regional presence beyond the Gulf Cooperation Council by co-leading the Global Auto Group consortium to acquire the business and operational assets of Bavarian Auto Group in Egypt, securing the exclusive importer and distributor rights for BMW and MINI vehicles in the Egyptian market along with local assembly facilities. The company further strengthened its footprint in North Africa through Auto Mobility, an alliance established to serve as the official distributor and assembly partner for Geely passenger vehicles in Egypt. In its domestic and regional operations, the company diversified its product range into the high-growth mass-market and electrified vehicle categories by securing distribution agreements for Chinese brands including Geely and Great Wall Motor / Haval. These operational expansions build upon the company's milestone initial public offering and listing on Boursa Kuwait under the ticker symbol ALG, which established it as the first family-owned automotive dealership group in the GCC region to list on a public equity market.