Jarir hits lowest level in 2 years

A branch of Jarir Marketing Co.

Shares of Jarir Marketing Co. recorded the lowest price in two years at SAR 184.80, today, May 9.

The stock is trading down 2% at SAR 185.20, with 174,200 shares traded so far.

Established in Riyadh in 1979 as a joint liability firm, Jarir later converted to a Saudi joint stock company.

The retailer listed its shares on the Saudi Stock Exchange (Tadawul) in 2003.

The company's capital is SAR 1.2 billion. It operates in retail, wholesale and e-commerce businesses in Saudi Arabia as well as GCC markets.

The following table shows the company’s key financial indicators:

The company increased its capital five times to reach the current level of SAR 1.2 billion.

Jarir Investment Trading Co. is the major shareholder in Jarir Marketing with a stake of 21.83%.