Jarir Marketing Company (4190.SE) announced the opening of its newest store in Al Taif marking the company’s 35th store in Saudi Arabia (41 in the GCC in total). The new store, which is located on Al Shefa road in Al Taif sits on a total area of --4,000 square metres, and cost an estimated SAR24 million, with a Saudisation rate of 53%. The company expects the new store to contribute to its sales and profits as of 2Q2016. (Company disclosure) Jarir Marketing Co.: SAR113.23 as of 31 March 2016, Rating: Buy, FV: SAR208.00 per share, MCap: USD2,718 million, JARIR AB / 4190.SE
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