01:22 AM EST, 11/05/2026 (MT Newswires) -- Al-Saif Stores for Development & Investment Co (SASE:4192), d/b/a Alsaif Gallery, expects higher costs from revisions to electricity and water consumption tariffs in Saudi Arabia starting Jan. 1, 2027. The household utensils and home appliances retailer said Thursday that the electricity tariff revision will increase its cost of revenue by 0.3%, while the water tariff is expected to have no material financial impact. The company expects the revisions to affect its results from the first quarter of 2027. It added that it is taking steps to optimize energy consumption and mitigate the financial effects of higher costs.

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