Riyadh – Mubasher: Saudi Arabia-based Jarir Marketing Co. announced the opening of a showroom in Al-Kharj Governorate with total investments of SAR 24 million ($6.4 million).
This showroom is the 45th of the firm in the kingdom and is its 54th of total showrooms in Saudi Arabia and abroad, according to a statement to the Saudi Stock Exchange (Tadawul).
Spanning 4,460 square metres area, the new facility, which is the fourth one opened this year, is located in Plan of Granada on King Abdullah Road in Al-Kharj governorate.
The new showroom’s financial impact will start to appear in the company’s financial results as of the fourth quarter of 2018.
Saudi employees in this newly-opened facility amounts to 68%, according to the statement.
Jarir Marketing Co. last reported a 16.84% growth in profits of Q3-18, reaching SAR 288 million after calculating Zakat and Tax, compared to SAR 246.5 million during Q3-17.
By 10:31 am Saudi time, Jarir Marketing Co. levelled down 0.41% to reach SAR 146.80.
