Logo of Al-Saif Stores for Development and Investment Co. (Alsaif Gallery)
Al-Saif Stores for Development and Investment Co. (Alsaif Gallery) opened its first branch in Kuwait, bringing the total number of showrooms to 64, the retailer said in a statement to Tadawul.
Located at Al-Qurain district, the company’s new branch spans an area of 1,204 square meters (sqm).
As per Alsaif Gallery’s expansion plan, a second branch in Kuwait is scheduled to open in Q2 2023.
The new addition aligns with the company’s strategy for expansion outside Saudi Arabia, as two branches were opened in the UAE during the first quarter of 2023, the company added.
The financial impact of the first showroom in Kuwait is expected to reflect on Q2 2023 results, the statement added.
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