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English news

23-Jun-2016

Jarir opens its second store this year 

Jarir Marketing Company (4190.SE) announced the opening of its newest showroom in Riyadh, marking the company’s 36th store in Saudi Arabia (42nd in the GCC in total). The new store sits on a total area of 4,188 square metres, cost an estimated SAR21mn and has a Saudisation rate of 31%. The company expects the new store to contribute to its sales and profits from 2Q16. (Company disclosure)   Jarir Marketing Co.: SAR118.73 as of 22 June 2016, Rating: Neutral, FV: SAR127.00 per share, MCap: USD2,850 million, JARIR AB / 4190.SE

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