AlSaif Stores for Development and Investment Co. announced on June 11, 2026 the results of its Ordinary General Assembly Meeting held on June 10, 2026 at the company headquarters in Riyadh via modern technology, with 81% shareholder attendance. The meeting approved multiple resolutions including authorization for the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis during fiscal year 2026, payment of SAR 1,220,000 in Board remuneration for the fiscal year ended December 31, 2025, and appointment of Ibrahim Ahmed Al-Bassam & Co. as external auditor for three years starting from Q2 2026 through Q1 2029 at fees of SAR 1,260,000 excluding VAT. The assembly also approved various related-party transactions totaling over SAR 25 million, including branch lease agreements with Chairman Sulaiman bin Mohammed AlSaif worth SAR 11,558,588 and supply contracts with Saif Plus Company amounting to SAR 11,682,621.

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