The Board of Directors of Dalqan Holding Group Company met yesterday and approved the issuance of the financial statements for the fiscal year ending December 31, 2024, presented by the auditors.

The Board recommended a proposal to distribute cash dividends of 25 Fils per share to shareholders, along with a 5% bonus share from the paid-up capital for the fiscal year ending December 31, 2024.

The company stated in a press release that net profit reached KWD 8.95 million dinars for the fiscal year ending December 31, 2024, compared to a net profit of KWD 7.61 million for the fiscal year ending December 31, 2023, reflecting a growth of 17.6%.

Additionally, there was a notable increase in total shareholders’ equity of 34.3%. Total operating revenue for the company increased by 13.7% in 2024 to reach KWD106.63 million, compared to 93.78 million dinars in 2023. The earnings per share stood at 25.74 Fils in 2024, compared to 28.63 Fils per share in 2023.

In this context, Abdullah Saud Al-Mutairi, Chairman of Dalqan Holding Group, stated that the company has successfully built a diversified portfolio of businesses over the past 20 years, focusing on the food sector and the real estate sector, while directing its strategic investments towards sustainable growth and positively impacting communities through a team of experts and a flexible approach.

Al-Mutairi noted that the company's operations are concentrated in five key sectors: the food sector, which is a core pillar of the company, based on a comprehensive strategy aimed at achieving vertical integration and enhancing operational efficiency in local and regional markets; the non-food consumer goods sector, which complements the company’s diverse operations and meets the basic needs of individuals and businesses while addressing market demands with a focus on specialization and excellence.

The real estate sector, managed by Dalqan Real Estate, is another primary division of the company that focuses on providing integrated real estate solutions that enhance the quality of life and meet customer requirements while achieving investors' goals.

Additionally, the logistics and services sector play a vital role in enhancing the company's operational efficiency by providing comprehensive solutions that support operational excellence and sustainable growth. 

Finally, the technology and media sector focus on supporting digital transformation and technological advancement in the operating processes of Dalqan Holding Group Company.
Al-Mutairi explained that the remarkable rise in Dalqan Holding's financial indicators at the end of 2024 compared to 2023 confirms the robustness and soundness of the company’s top strategy over the past two decades.

He highlighted that Dalqan Holding’s strategy is built on seven core pillars: achieving sustainable growth through expanding strategic investments and innovative solutions to ensure continuous progress; strengthening and establishing the partner and subsidiary brands by building trust and committing to quality, integrity, and community values; reinforcing social responsibility commitments to support sustainable growth through launching impactful social and environmental initiatives; enhancing regional presence by expanding the company’s operations and partnerships within the GCC countries to increase market influence; achieving excellence in operational performance through the adoption of advanced technologies and improving processes for greater efficiency; developing competencies and skills by investing in employee training to enhance skills and drive organizational success; and enhancing returns for shareholders and partners while achieving sustainable financial performance that provides long-term benefits to shareholders.

Al-Mutairi concluded by affirming the continued efforts to strengthen Dalqan Holding's position at all local, regional, and global levels, and to elevate its operational activities to ensure sustainable profits for shareholders and partners.