Alsaif Stores For Development And Investment Company “Alsaif Gallery” Announces The Financial Impact Of Adjustments To Energy And Water Tariffs.

Announcement Detail: In accordance with the revised electricity and water tariffs, which will take effect on January 1, 2027, and based on preliminary estimates, the adjustment to electricity tariffs is expected to result in an increase of approximately 0.3% in the Company’s cost of revenue. Meanwhile, the adjustment to water tariffs is not expected to have a material financial impact on the Company.

The financial impact of these adjustments is expected to be reflected in the Company’s financial results starting from the first quarter of 2027.

The Company further confirms that it has begun implementing several measures aimed at optimizing energy consumption, thereby mitigating the impact of increased costs on its financial results.