Jarir Marketing [4190.SE] announced the opening of its newest showroom in Kuwait, marking the company’s second store in the country and 44th in total. The new store sits on a total area of 3,400 sqm and cost an estimated SAR18mn. The company expects the new store to contribute to its sales and profits as of 3Q16. This is the fourth store the company has opened since the beginning of the year. (Company disclosure) Jarir Marketing Co.: SAR103.95 as of 07 September 2016, Rating: Neutral, FV: SAR127.00 per share, MCap: USD2,495mn, JARIR AB / 4190.SE
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