Riyadh – Mubasher: Jarir Market Company on Wednesday announced the establishment of a fully owned subsidiary in Bahrain.
The self-funded unit will have the same line of business, with a total capital of SAR 49,700, according to a filing to the Saudi Stock Exchange (Tadawul).
The Saudi Arabia-based company noted that it had started the incorporation process a year ago.
In the same vein, Jarir noted that launching the subsidiary won’t have any financial impact on its results.
By the end of Tuesday’s session, Jarir’s stock remained unchanged at SAR 175.37.
