Al-Saif Stores Company for Development and Investment “Al-Saif Gallery” announced the start of its expansion work in Kuwait, where two branches were rented in the State of Kuwait.
The company said in a statement on “Saudi Arabia’s Tadawul” today, Sunday, that the first branch is expected to open during the first quarter of 2023, and the second branch to open during the second quarter of 2023.
She added that this step comes in accordance with the company’s expansion strategy in the Gulf countries, where it is currently working to open its first branch outside Saudi Arabia, in Abu Dhabi during January 2023.
She explained that the financial impact of the first Kuwait branch, in addition to the Abu Dhabi branch, is expected to appear during the first quarter of 2023, while the financial impact of the second branch in Kuwait will appear in the second quarter of 2023.
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