AlSaif Stores for Development and Investment announces start of its expansion in Kuwait

AlSaif Stores for Development and Investment Co announces the start of its expansion business in Kuwait, where two branches were rented in Kuwait.

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.

This expansion comes in accordance with the company’s expansion strategy in the Gulf countries as the company is currently working to open its first branch outside Saudi Arabia, in Abu Dhabi, during January 2023.

It is expected that the financial impact of the first Kuwait branch in addition to the Abu Dhabi branch will be during the first quarter of 2023, while the financial impact of the second branch in Kuwait will be in the second quarter of 2023.