Riyadh – Mubasher: Alsaif Stores for Development and Investment Company (Alsaif Gallery) has opened its latest branch in the Al Nadwa district of Riyadh.

The new showroom covers an area of 944 square meters and represents a key step in the company’s strategy to increase its presence across major Saudi cities.

The Al Nadwa location marks the company's 67th branch within Saudi Arabia and its 74th outlet across the Gulf region. This expansion is part of a broader corporate growth plan aimed at strengthening market share in the retail sector.

According to the company disclosure, the financial impact of the new branch is expected to materialize starting from the third quarter (Q3) of 2026. This opening follows Alsaif Gallery’s ongoing commitment to expanding its operational network and enhancing accessibility for its customer base in the capital.

In the first half (H1) of 2026, the company’s net profit rose 9.10% year-on-year (YoY) to SAR 39.95 million from SAR 36.62 million.