Rooted in
Heritage,
Growing with
Purpose

Dear Valued Shareholders,

It is my pleasure, on behalf of the Board of Directors of Al-Saif Stores for Development and Investment Company, to present to you the Annual Report for the financial year ended 31 December 2025 — a report that reflects an important phase in the Company's journey and the development of its business.

Market Environment

The retail sector in the Kingdom of Saudi Arabia witnessed accelerating transformation during 2025, driven by non-oil GDP growth and evolving consumption patterns, amid continued progress toward Vision 2030 targets. This environment created opportunities in the specialty retail sector, and Al Saif Gallery continued throughout the year to capitalise on these developments in support of its business growth.

Governance and Oversight

The Board of Directors fulfilled its oversight and strategic role during the year by:

• Strengthening the governance framework and internal controls
• Monitoring compliance with applicable regulations
• Working to protect the interests of shareholders and other stakeholders

In this context, the Board remained committed to supporting executive management and monitoring its strategic priorities within a clear framework of responsibilities and authorities.

Strategic Execution

Within this framework, the Company continued to execute its strategic priorities, including:

• The development of its showroom network across the Kingdom
• The strengthening of its proprietary brand presence — which now accounts for approximately 88% of the Company's total revenues
• Deepening the integration between showroom and e-commerce channels

Performance Indicators

The Board of Directors looks to the coming period on the basis of objective indicators, including:

• A mature showroom network spanning 13 administrative regions across the Kingdom and four GCC markets
• A digital channel that achieved annual growth of 37.4%, raising its contribution to 12.4% of total revenues

It should nonetheless be noted that business results are subject to market and operating environment variables, and that future performance is dependent on factors outside the Company's control.

Closing Remarks

In closing, the Board extends its sincere appreciation:

• To the Company's shareholders for their trust
• To executive management and all employees for their commitment and dedication
• To our partners and suppliers for the professional and enduring relationships built on trust

To our employees, partners, and all stakeholders,

Three decades ago, Al Saif Gallery was founded in Riyadh with a clear purpose: that the Saudi home deserves products designed for its traditions. Today, I am pleased to present our 2025 Annual Report — a year that witnessed a tangible acceleration in the operational transformation we have been working toward.

Business Environment

The retail sector in the Kingdom of Saudi Arabia continued its structural transformation in 2025, driven by non-oil GDP growth and evolving consumption patterns amid the accelerating progress toward Vision 2030 targets. In this environment, Al Saif Gallery continues to build its position as a specialty company with a distinct brand identity, broad geographic presence, and continuously growing digital capability.

Operational Transformation

The improvement in operational and financial performance in 2025 was not a random surge, but rather the outcome of cumulative efforts executed across four parallel tracks:

Core Strength

Our strongest differentiator remains our proprietary and exclusive brand portfolio, which now accounts for approximately 88% of the Company's total revenues. These brands support profit margins and foster customer loyalty, as demonstrated by our 2025 performance indicators.

Strategic Priorities

The Company continues to focus on:

• Deepening the customer experience across showrooms and digital channels
• Expanding the proprietary brand portfolio
• Continuing the development of digital platforms
• Pursuing disciplined expansion in attractive markets
• Maintaining balance sheet strength and operational efficiency

Closing

In closing, I extend my sincere appreciation to the Al Saif Gallery team across showrooms, warehouses, digital platforms, and corporate offices, as well as to our partners and shareholders for their trust and continued support.