Investor Relations
Transparent reporting. Effective oversight.
Long-term value creation for all shareholders.
Al Saif Gallery is committed to the highest standards of disclosure and communication for the investors who have placed their trust in our company. This section provides full access to our financial results, governance structure, regulatory filings, shareholder services, and corporate policies, in both Arabic and English, consistent with our obligations as a company listed on the Saudi Exchange.
We understand that trust between a listed company and its shareholders is earned through consistency, clarity, and accountability, not promises. Our goal is to make every piece of information an investor needs readily accessible, clearly presented, and fully compliant with CMA requirements.
Message from the CEO
Revenue
0M
▲ 3.7%
FY 2025
Gross Profit
0M
▲ 57.6%
FY 2025
Net Profit
0M
▲ 54.6%
FY 2025
The Al Saif Gallery Investment Case
Investment Highlights
A Niche Where We Lead
We hold an advanced market position in kitchen tools, serveware, and specialized small household appliances in Saudi Arabia, supported by national distribution reach and control over product specification. This is not a broadly contested mass-retail category. It is a focused niche where our three decades of category expertise, owned-brand infrastructure, and service depth create barriers that are difficult to replicate.
Earnings Quality Rooted in Operations
In 2025, Al Saif Gallery delivered SAR 58 million in net profit, a 54.6% increase year-on-year, driven entirely by operational improvements. Revenue of SAR 758.8 million, a gross margin of 23.5%, and operating cash flow of SAR 78.7 million reflect the underlying earning power of the platform. The Company ended 2025 with cash and cash equivalents of SAR 25.9 million.
Proprietary Brand Margin Advantage
Approximately 88% of revenue flows through brands we own or exclusively hold. Direct sourcing from manufacturing partners enables gross margins on proprietary products that are structurally superior to the standard wholesale-retail model. The ongoing extension of the Edison brand into large appliances expands both revenue opportunity and margin mix.
Vision 2030 as Structural Tailwind
Saudi Arabia's housing boom, with homeownership rising from 47% in 2016 to 65.4% in 2024, with 660K+ new units in the pipeline and Sakani supporting 122K+ families in 2024, creates a durable demand tailwind for household essentials. Every new Saudi home requires a full kitchen outfitting.
Digital Acceleration with Operating Leverage
E-commerce grew 37% in 2025, contributing SAR 94 million (12.4% of revenue) through an app with 500K+ downloads. The digital channel operates with shared logistics and after-sales infrastructure, creating operating leverage as digital revenue grows within the existing physical footprint.
Professional Leadership at a Pivotal Moment
The appointment of CEO Ahmed bin Saleh Al Sultan in Dec 2024 marks a deliberate governance maturation step. His three-pillar strategic framework (customer experience, earnings quality, measured expansion) is already reflected in the 2025 results.
Frequently Asked Questions
About the Company
What does Alsaif Gallery do?
We sell household and electrical goods - kitchen appliances, cookware, serveware, thermoses, coffee makers, and related home products. Customers can shop in our physical showrooms or online at alsaifgallery.com
When was the company founded, and by whom?
Alsaif Gallery was founded in Riyadh in June 1993 by Sheikh Suleiman bin Mohammed Al-Saif, starting as a small, individually-owned business. It became a closed joint-stock company in 2014, and then a public company when it listed on the Saudi Exchange (Tadawul) in December 2022.
Where is the company based?
Our head office is in Riyadh, Kingdom of Saudi Arabia.
How many showrooms does the company have, and where?
73 showrooms in total as at the end of 2025: 66 across Saudi Arabia, and 7 in the Gulf - 3 in the UAE, 2 in Kuwait, 1 in Oman, and 1 in Qatar. Our first Gulf showroom opened in Abu Dhabi in 2023.
Does the company operate outside Saudi Arabia?
Yes. We wholly own (100%) four local companies that run our showrooms in the UAE, Kuwait, Oman, and Qatar, all trading under the Alsaif Gallery name.
Our Shares
Is Alsaif Gallery a listed (public) company?
Yes. We have been listed on the Main Market of the Saudi Exchange (Tadawul) since 27 December 2022, under stock symbol 4192.
What percentage of the company was offered to the public at listing?
About 30% of the Company's shares were offered to investors in the December 2022 initial public offering (IPO).
Why do today's share price and par value look different from the IPO price?
At the IPO, each share had a par value of SAR 10 and was offered at SAR 115. In 2023, shareholders approved splitting every SAR 10 share into 10 shares of SAR 1 each (similar to a stock split). That is why the Company now has 350 million shares with a SAR 1 par value, rather than 35 million shares at SAR 10 - the total value of the Company did not change, only the number and price of individual shares.
Who owns most of the shares?
Our founder and Chairman, Suleiman bin Mohammed Al-Saif, holds 62.5%. Other individual family shareholders hold about 7.5%. The remaining roughly 30% - known as the "free float" - is held by the public and is what trades on the market day to day.
Are most shareholders local or international?
Saudi investors hold about 94% of the shares and foreign investors hold about 6%. By type of investor, individual (retail) investors hold about 88%, companies and institutions hold about 10%, and licensed foreign institutional investors hold about 1%.
Where can I check the current share price?
On the Saudi Exchange (Tadawul) website under symbol 4192, or on your broker's trading app during market hours.
How to Invest
How do I buy or sell Alsaif Gallery shares?
The same way you would buy any Saudi-listed stock: open an investment account with a CMA-licensed broker or bank, get your National Investor Number (NIN) if you don't already have one, and then place an order for symbol 4192. Your broker can walk you through the exact steps.
Is there a minimum number of shares I need to buy?
Alsaif Gallery does not set a special minimum. Normal Tadawul trading rules apply, and your broker can confirm any account or order requirements.
Financial Results & Reporting
What is the Company's financial year?
It runs from 1 January to 31 December each year.
How often does the Company report its results?
Every quarter, we publish interim (unaudited or reviewed) financial statements. Once a year, we publish full audited annual financial statements together with an Annual Report. All of these are filed on Tadawul.
What accounting rules does the Company follow?
We prepare our financial statements under International Financial Reporting Standards (IFRS), as endorsed in Saudi Arabia.
Does the Company rely mostly on Saudi Arabia or other Gulf countries?
About 92% of 2025 revenue came from Saudi Arabia and about 8% came from GCC markets (UAE, Kuwait, Oman, and Qatar).
Who checks (audits) the Company's numbers?
An independent, CMA-recognized audit firm, PKF Al-Bassam (Ibrahim Ahmed Al-Bassam & Co.), audits our accounts each year.
Where can I read the full financial statements and Annual Report?
On the Saudi Exchange (Tadawul) website, under our company page, and in the Investor Relations section of alsaifgallery.com.
Dividends
Does Alsaif Gallery pay dividends?
We have paid cash dividends to shareholders in the past. Whether we pay one in future depends on our results, cash needs, and Board and shareholder approval - past dividends are not a promise of future ones.
How is a dividend decided and paid?
The Board of Directors proposes a dividend, and shareholders approve it at a General Assembly meeting. Dividends can be proposed quarterly, semi-annually, or annually. Announcements are always published on Tadawul first.
Was a dividend declared for 2025?
As at the date the 2025 audited financial statements were finalized (16 February 2026), no dividend had been declared for the 2025 financial year. The most recent dividend disclosed before that was SAR 0.10 per share, paid for the second quarter of 2023. Please check Tadawul for the latest dividend announcements, as these are made throughout the year.
What is the Company's dividend policy?
Our policy is to pay dividends out of distributable profit - that is, profit left over after we set aside any legally required reserves - while also considering our cash and investment needs, legal requirements under the Companies Law and our By-laws, and general economic and business conditions at the time. As a guide, between 2019 and 2021 (before our IPO) we paid out an average of about 70% of profits as dividends. This is historical information, not a target or a promise - the Board decides each payout based on that year's actual circumstances.
This is a description of our dividend process, not a promise about future amounts or timing. Each decision depends on that year's results and cash needs.
Corporate Governance
Who runs the Company day to day?
The Chief Executive Officer is Ahmad bin Saleh Al-Sultan (in role since 2024), and the Chief Financial Officer is Mu'ataz Ali Al-Ashqar (in role since 2021). They report to the Board of Directors.
Who sits on the Board of Directors, and is it independent?
The Board has 6 members, chaired by our founder, Suleiman bin Mohammed Al-Saif. Two members (about a third of the Board) are independent directors with no ties to the founding family, and four members (two-thirds, including the independents) are non-executive.
What committees oversee the Company?
An Audit Committee (which reviews the accounts, internal controls, and risk) and a Nominations and Remuneration Committee (which oversees Board appointments and pay). Both are chaired by independent directors.
Does the Company follow good governance practices?
Yes. We follow the Capital Market Authority (CMA) Corporate Governance Regulations, applying almost all of its requirements. A small number of guidance-level items are not yet applied - for example, an external (outside-party) review of Board performance every three years, and a separate Risk Management Committee (this role is currently handled by the Audit Committee) - and these are explained in our governance disclosures.
Were there any fines or major lawsuits against the Company in 2025?
No. The Board confirmed that no fines, penalties, or disciplinary actions were issued against the Company, its directors, or executives during 2025, and there was no material ongoing litigation.
Community & Sustainability
Does the Company give back to the community?
Yes, through "Awani Al-Khair," our recurring donation program. Customers can donate surplus household items and appliances at our showrooms, which licensed charities then distribute to families in need. The 2024 edition of the program delivered more than 425,000 household items across the Kingdom, and a fourth edition ran in 2025.
Does the Company support Saudi employment (Saudization)?
Yes. We continue to grow the share of Saudi nationals across our showrooms, management, and leadership roles, alongside structured training for our roughly 1,280 employees.
Where to Find Official Information
Where are the Company's official announcements published?
All material news, financial filings, and corporate disclosures are published first on the Saudi Exchange (Tadawul) website. Treat Tadawul as our primary, most reliable source for anything official.
How do I contact Investor Relations?
Through the Investor Relations / Contact Us section of alsaifgallery.com, which has our current contact details.
Corporate website: www.alsaifgallery.com
Registered head office: Riyadh, Kingdom of Saudi Arabia
Official filings & announcements: Saudi Exchange (Tadawul) - www.saudiexchange.sa, symbol 4192
Important Note
This FAQ is written in plain language for general information only - it is not investment, legal, or tax advice, and it is not an offer to buy or sell any securities. It draws on Alsaif Gallery's 2025 Annual Report (financial year ended 31 December 2025, approved by the Board on 16 February 2026). Figures and policies can change; always confirm the latest information on the Saudi Exchange (Tadawul) website and the Investor Relations section of alsaifgallery.com. If anything here differs from the Company's official filings with Tadawul or the Capital Market Authority (CMA), the official filings are correct.
Dividend Distribution Policy
Version (1) — Approved by the Board of Directors, 26 October 2021.
Policy Information, Maintenance and Documentation
All amendments to this Policy shall be numbered and dated using the following register and shall be signed upon each update.
Policy Amendments
| Date | By | Amendment No. | Nature of Amendment |
| — | — | — | — |
Policy Review
| Date | By | Position | Remarks |
| — | — | — | — |
Policy Approval
| Date | Approved By |
| 26/10/2021 | Board of Directors |
Custodian
| Department | Remarks |
| — | — |
Board Secretary | Chairman of the Board
Version (1) – Approved by the Board of Directors Resolution dated 26 October 2021.
Definitions and Terminology
The following words and expressions shall have the meanings assigned to them below unless the context requires otherwise:
| Term / Expression | Definition |
| Policy | The Company's Dividend Distribution Policy. |
| Company | Alsaif Stores for Development and Investment Company. |
| Kingdom | The Kingdom of Saudi Arabia. |
| Ministry | Ministry of Commerce. |
| Companies Law | The Companies Law issued by Royal Decree No. (M/3) dated 28/1/1437H. |
| Articles of Association | The Company's Articles of Association. |
| Corporate Governance Regulations | The Corporate Governance Regulations issued by the Ministry of Commerce. |
| General Assembly | An assembly composed of the Company's shareholders in accordance with the provisions of the Companies Law and the Company's Articles of Association. |
| Board | The Board of Directors of Alsaif Stores for Development and Investment Company. |
| Committee(s) | Committees formed by or reporting to the Board, or established by the General Assembly. |
| Executive Director | A member of the Board of Directors who is dedicated to the executive management of the Company and participates in its day-to-day operations. |
| Non-Executive Director | A member of the Board of Directors who is not dedicated to the executive management of the Company and does not participate in its day-to-day operations. |
| Independent Director | A Non-Executive Director who enjoys complete independence in his/her position and decisions and to whom none of the independence impairments stipulated in Article (20) of the Corporate Governance Regulations applies. |
| Executive Management or Senior Executives | Individuals responsible for managing the Company's daily operations and for proposing and implementing strategic decisions, such as the Chief Executive Officer, his deputies, and the Chief Financial Officer. |
| Stakeholders | Any person or entity having an interest in the Company, including employees, creditors, customers, suppliers, and the community. |
| Day | A working day in the Kingdom in accordance with the Company's official working days. |
| Calendar Day | Any day, whether a working day or otherwise. |
All terms not specifically defined in this Policy shall have the meanings assigned to them in the glossary of terms contained in the Company's Corporate Governance Rules and the Corporate Governance Regulations, unless the context requires otherwise.
Article One: Preliminary Provisions
- This Policy has been prepared in accordance with the Company's Corporate Governance Rules and Paragraph (2) of Article (9) of the Corporate Governance Regulations, which provides that:
"The Board of Directors shall establish a clear policy on dividend distribution in a manner that serves the interests of both the shareholders and the Company in accordance with the Company's Articles of Association."
- This Policy shall be governed by the provisions of the Companies Law, its Implementing Regulations, and the Company's Articles of Association.
- This Policy aims to:
- Establish the principles governing the Company's dividend distribution in a manner that achieves an appropriate balance between providing sustainable dividends to investors and enhancing the Company's ability to achieve its objectives while supporting the long-term growth and development of its business.
- Establish the principles and rules governing the mechanism, timing, and disclosure of dividend distributions in a manner that serves the interests of both the shareholders and the Company.
Article Two: General Provisions Governing Dividend Distribution
- Each shareholder shall be entitled to receive his/her share of the net profits resolved to be distributed, whether in cash or through the issuance of shares.
- The Company shall distribute dividends based on its operating results, cash flows, working capital requirements, and capital investment needs. Accordingly, the Board of Directors shall submit the appropriate recommendations regarding dividend distributions.
- Pursuant to Article (45) of the Company's Articles of Association, the Company's annual net profits shall be distributed as follows:
- Ten percent (10%) of the net profits shall be set aside to form the Company's statutory reserve. The Ordinary General Assembly may resolve to discontinue such allocation once the statutory reserve reaches thirty percent (30%) of the paid-up capital.
- Upon the recommendation of the Board of Directors, the Ordinary General Assembly may allocate a percentage of the net profits to establish a discretionary reserve to address significant unforeseen circumstances.
- The Ordinary General Assembly may resolve to establish other reserves to the extent that serves the Company's interests or ensures, as far as practicable, a stable distribution of dividends to shareholders. The Ordinary General Assembly may also deduct from the net profits amounts for establishing social institutions for the Company's employees or supporting any existing such institutions.
- Thereafter, no less than five percent (5%) of the paid-up capital shall be distributed to shareholders.
- Subject to Article (19) of the Company's Articles of Association and Article (76) of the Companies Law, ten percent (10%) of the remaining balance shall be allocated as remuneration for the Board of Directors, provided that such remuneration shall be proportional to the number of Board meetings attended by each member.
- Upon the recommendation of the Board of Directors, the Ordinary General Assembly may distribute the remaining balance to shareholders as an additional share of the profits.
- Where the statutory reserve exceeds thirty percent (30%) of the paid-up capital, the Ordinary General Assembly may resolve to distribute the excess to shareholders in financial years in which the Company does not realize sufficient net profits to distribute the portion prescribed under the Company's Articles of Association. The discretionary reserve (if any) may not be used except pursuant to a resolution of the Extraordinary General Assembly. If such reserve has not been designated for a specific purpose, the Ordinary General Assembly may, upon the recommendation of the Board of Directors, resolve to utilize it in a manner that benefits the Company or its shareholders.
- Upon the recommendation of the Board of Directors and subject to the approval of the competent authorities, the Ordinary General Assembly may distribute dividends through the issuance of shares.
Article Three: Interim Dividend Distribution
Pursuant to Article (45) of the Company's Articles of Association, the Board of Directors may distribute semi-annual or quarterly dividends during the financial year, provided that the following requirements are met:
- The Board obtains authorization from the Company's General Assembly pursuant to a resolution renewed annually permitting interim dividend distributions.
- The Company maintains consistent profitability.
- The Company has sufficient liquidity and is reasonably able to forecast its profit levels.
- The Company has distributable profits, based on the latest reviewed annual financial statements or examined interim financial statements, sufficient to cover the proposed dividend distribution after deducting any profits that have already been distributed or capitalized following the date of those financial statements.
- The profits generated during the various periods of the financial year have been prepared using the same accounting principles adopted by the Company.
- There is a reasonable degree of certainty that the Company will be able to maintain such profits until the end of the financial year.
Article Four: Dividend Entitlement
A shareholder shall be entitled to his/her share of the dividends in accordance with the resolution of the General Assembly issued in this regard or, in the case of interim dividends, in accordance with the resolution of the Board of Directors. Such resolution shall specify the entitlement date and the distribution date. Dividend entitlement shall be for shareholders registered in the shareholders' register at the end of the entitlement date.
Article Five: Notification and Disclosure of Dividend Distribution
When resolving to distribute interim dividends or recommending to the General Assembly a proposed dividend distribution, the Board of Directors shall notify the shareholders accordingly. The resolution or recommendation shall include the following:
- The date of the Board resolution.
- The distribution period.
- The total amount to be distributed.
- The number of shares entitled to dividends.
- The dividend per share.
- The distribution ratio relative to the nominal value of the share.
- The entitlement date for shareholders holding the shares.
- The distribution date.
Article Six: Dividend Payment Mechanism
- The Board of Directors shall implement the resolution of the General Assembly regarding the distribution of dividends to the eligible shareholders within a period not exceeding fifteen (15) days from the dividend entitlement date specified in the General Assembly resolution or, as the case may be, in the Board of Directors' resolution approving the distribution of interim dividends.
- Dividends shall be paid by depositing the amounts directly into the shareholder's designated bank account.
Article Seven: Disclosure in the Annual Report
The Board of Directors shall disclose the following in its annual report submitted to the Company's General Assembly:
- A description of the Company's dividend distribution policy.
- The dividends distributed to shareholders during the various periods of the financial year.
- The dividends proposed for distribution at the end of the financial year and the total amount of such dividends.
- A statement of any arrangement or agreement under which any shareholder has waived any of his/her rights to dividends.
Article Eight: Final Provisions
- This Policy shall be subject to annual review as part of the Company's corporate governance review process, or whenever new instructions or regulations are issued by the competent authorities. This Policy shall be deemed complementary to the Company's Articles of Association and the Company's Corporate Governance Rules.
- This Policy shall become effective and binding upon the Company as of the date of its approval by the Board of Directors. It shall be published on the Company's website to enable shareholders, the public, and stakeholders to review it. The contents of this Policy may be amended, as necessary, provided that any such amendments are submitted to the Board of Directors for approval at its earliest meeting.
- This Policy is the property of the Company. It may not be reproduced, copied, or quoted, in whole or in part, without the Company's prior written consent.
Version (1) – Approved pursuant to the Resolution of the Board of Directors dated 26 October 2021.
Historical Dividend Distributions
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
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