Recent Research

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  FIRST LOOK NOTES

  16 Jul 2026

  Jarir Marketing Co

  HOLD

  Last Closing Price

  SAR 17.92

  Target Price

  SAR 17.50

  Upside (%)

  -2.34%

  Saudi Equity Research - Jarir Marketing Company 2Q26 - First Look Note

  Jarir Marketing Co (“JARIR”, “The Company”) reported a 19.5% YOY increase in net profit to SAR 236 Mn in 2Q26, in line with our estimate of SAR 229 Mn. The increase in net profit is largely driven by higher revenue from smartphones segment, partially offset by higher cost of sales, an increase in selling & marketing and G&A expenses and decline in other income.

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• 

  FIRST LOOK NOTES

  21 Apr 2026

  Jarir Marketing Co

  HOLD

  Last Closing Price

  SAR 14.83

  Target Price

  SAR 15.50

  Upside (%)

  +4.52%

  Saudi Equity Research - Jarir Marketing Company 1Q26 - First Look Note

  Revenue grew 14.4% YOY to SAR 3,039 Mn in 1Q26, driven by higher sales across most segments, particularly smartphones. Net profit increased 16.7% YOY, supported by strong topline growth, despite higher cost of sales and elevated operating expenses.

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• 

  FIRST LOOK NOTES

  02 Feb 2026

  Jarir Marketing Co

  ACCUMULATE

  Last Closing Price

  SAR 13.90

  Target Price

  SAR 15.50

  Upside (%)

  +11.51%

  Saudi Equity Research - Jarir Marketing Company 4Q25 - First Look Note

  Revenue grew 13.9% YOY to SAR 3,195 Mn in 4Q25, primarily driven by higher sales of smartphones, computers, tablets, and after-sales services. Net profit grew 12.5% YOY, lower than growth in gross profit which rose 14.2% YOY, mainly due to higher selling & marketing, G&A, and lower other income.

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  FIRST LOOK NOTES

  17 Oct 2025

  Jarir Marketing Co

  HOLD

  Last Closing Price

  SAR 14.08

  Target Price

  SAR 14.50

  Upside (%)

  +2.98%

  Saudi Equity Research - Jarir Marketing Company 3Q25 - First Look Note

  Revenue grew 11.9% YOY to SAR 2,985 Mn in 3Q25, mainly due to sales growth across computers, tablets, after-sales services, and smartphones. Cost of Sales increased 13.2% YOY to SAR 2,548 Mn in 3Q25. As a result, gross profit increased 5.2% YOY to SAR 436 Mn in 3Q25.

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  FIRST LOOK NOTES

  15 Jul 2025

  Jarir Marketing Co

  ACCUMULATE

  Last Closing Price

  SAR 12.74

  Target Price

  SAR 14.50

  Upside (%)

  +13.81%

  Saudi Equity Research - Jarir Marketing Company 2Q25 - First Look Note

  Revenue fell marginally 0.1% YOY to SAR 2,648 Mn in 2Q25 due to a decline in sales of video games. Gross profit increased 4.5% YOY to SAR 274 Mn, which contributed to a rise in sales of after-sales service margins.

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  FIRST LOOK NOTES

  23 Apr 2025

  Jarir Marketing Co

  BUY

  Last Closing Price

  SAR 12.60

  Target Price

  SAR 14.50

  Upside (%)

  +15.08%

  Saudi Equity Research - Jarir Marketing Company 1Q25 - First Look Note

  Revenue rose 2.7% YOY to SAR 2,720 Mn in 1Q25 due to growth in the smartphone and after-sales service segment. Gross margin remained flat at 11.1% in 1Q25 compared to 1Q24. Operating profit declined 0.8% YOY to SAR 236 Mn in 1Q25 due to a rise in selling and marketing expenses. Operating margins fell 30 bps YOY to 8.7% in 1Q25.

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