Activities
Al Saif Stores for Development and Investment Co. is a Saudi Joint-Stock Company which was established in accordance with the Companies Law in the Kingdom of Saudi Arabia under Commercial Registration no. 1010111193 issued in Riyadh on 18 Dhu al-Hijjah 1413H (09 September 1993).
The Company was converted from a limited liability company to a closed joint stock company on 23 Muharram 1436H (16 November 2014) as per the approval of the Ministry of Commerce and Industry No. 322 /s. During the period, on 07 Muharram 1445H (25 July 2023) as per the approval of the Capital Market Authority (CMA), the status of the Company has been changed to Joint Stock Company.
The principle activity of the company is the sale and import of household utensils, wholesale and retail trade in household utensils, electrical appliances, cleaning supplies, general contracting activity, construction, repair, restoration and demolition of buildings and public construction of road works, water and sewage works, dams, drilling wells, maintenance and operation of electrical, mechanical and electronic installations, landscaping and blacksmithing, carpentry, aluminium, decoration, gypsum, decoration, maintenance and cleaning works, management and operation of cities, utilities, buildings and public and private facilities, buying and owning real estate and lands to construct buildings on them.
As of 31 December 2023, the total number of branches leased by the Group were 70 (31 December 2022: 61), operating in the Kingdom of Saudi Arabia, United Arab Emirates, Kuwait and Sultanate of Oman under the trademark of "Al Saif Gallery".
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