Riyadh – Mubasher: Jarir Marketing said the recent official flotation of the Egyptian pound against the foreign currencies will have a negative impact on its financial results for 2016.
The negative impact will mainly arise from Jarir Egypt Financial Leasing Co., a wholly owned subsidiary of Jarir Marketing Co., and of which the functional currency is the Egyptian pound.
Earlier, Jari said it signed a contract for renting Showroom for Jarir Bookstore at Tabuk Park Compound for a period of twenty years subject to renewal.
