AlSaif Stores for Development and Investment Co. announces the Board of Directors recommendation to distribute cash dividends to the company’s Shareholders for first quarter of 2023, as follows:

Element List	Explanation
Date of the board’s decision	2023-05-17 Corresponding to 1444-10-27
The Total amount distributed	35,000,000
Number of Shares Eligible for Dividends	35,000,000
Dividend per share	1.00 SAR
Percentage of Dividend to the Share Par Value (%)	10 %
Eligibility date	The eligibility of the cash dividends shall be for the Shareholders whose owns the company’s shares and are registered in the company's register at the Securities Depository Center (deposit), by the end of the second trading day following the day of the General Assembly meeting. The General Assembly meeting date shall be determined after obtaining regulatory approval from the relevant governmental entities.

The General Assembly meeting date will be announced later. Distribution Date The date of the cash dividend payment will be confirmed after getting the approval of the General Assembly. Additional Information For any inquiries, please contact the Shareholder Relations Department on the e-mail: investorsrelations@alsaifgallery.com

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.