Jarir Marketing Company (4190.SE) plans to open six to seven showrooms in 2016 at an investment cost of cSAR200 million, according to the company’s Chairman Mohammed Al Agil. On another note, Al Agil attributed the company’s drop in revenues in 4Q2015 to several factors, namely: the weak performance of some electronic products, such as the iPhone 6, along with a decline in consumer spending in Saudi Arabia. Top-line weakness is likely to continue in 1Q2016 and 2Q2016, possibly extending to 3Q2016, on continued weakness in consumer spending, as Al Agil expects the decline in consumer spending will continue. (Argaam, CNBC Arabia)   Jarir Marketing Co.: SAR138.49 as of 10 January 2016, Rating: Buy, FV: SAR208.00 per share, MCap: USD3,315 million, JARIR AB / 4190.SE