Jarir leases building in Al Khobar to Sehat Al-Sharq for 20 years; contract value at SAR8mn p.a.
Jarir Marketing [4190.SE] announced leasing a residential building in Al Khobar to Sehat Al-Sharq (50% owned by Jarir Investments, indirectly owned by Jarir Marketing’s BoD members) for 20 years. The contract has a value of SAR8mn per annum, and its financial impact will be reflected starting 2Q19.
Jarir Marketing Co: SAR164.60 as of 24 Jun. 2019, Rating: Buy, TP: SAR190.00/share, MCap: USD5,267mn, JARIR AB/4190.SE
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