On May 23, 2024, the ordinary and extraordinary general assembly of AlQurain Automotive Trading Company convened with an impressive attendance rate of 99.875%. During the meeting, the General Assembly approved the distribution of cash dividends to shareholders, amounting to 62.5% of the capital, resulting in earnings per share of 60 fils for the year 2023.
Ahmed Abdulaziz Al-Mutawa, the Chairman of the Board of Directors and CEO, highlighted a significant increase in total operating revenues by 28% in 2023 compared to 2022. This growth was primarily driven by higher vehicle sales and revenues from after-sales services. Additionally, there was a 12.6% increase in total profit and a 5% rise in operating profit compared to the previous year's figures.