Riyadh-Mubasher: Jarir Marketing Co. (JMC) said it has changed the legal status of its subsidiary Jarir Bookstore Kuwait to a limited liability company, with KWD 10,000 (SAR 123,400) capital.
The Saudi retailer also changed the entity’s name to Jarir International Central Market Co. for Non-Food Retail, according to the company's statement to the Saudi bourse.
The Kuwaiti subsidiary is 99% directly-owned by JMC and 1% indirectly owned by a limited partner.
