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Jarir Marketing Co. Announces Opening of a New Showroom in Riyadh City

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Announcement Detail Jarir announces opening of its showroom at Khurais Road, Al-Nahda district, Riyadh, on Wednesday 16/09/2020,being the 52nd showroom of Jarir bookstore in the Saudi Arabia, and the 62nd of its showrooms inside and outside Saudi Arabia.

Total floor area of the showroom is(3996) square meters, and will hold all the product range of Jarir bookstore. Saudis represent 59% of the total workforce of this showroom.

The showroom is located within a building that is owned by Jarir bookstore, and which also comprises a leasable area of (4556) square meters designated for both shops and offices use. The total investment cost of this building amounted to Saudi Riyal 130 million .

The financial impact of this showroom will start to appear in the third quarter of 2020.

This is the third showroom opened in 2020.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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