Showing 9 of 12
  • Saudi Flag
    FIRST LOOK NOTES
    17 Oct 2025
    Jarir Marketing Co
    HOLD
    SAR 14.08
    SAR 14.50
    +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.
  • Saudi Flag
    FIRST LOOK NOTES
    15 Jul 2025
    Jarir Marketing Co
    ACCUMULATE
    SAR 12.74
    SAR 14.50
    +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.
  • Saudi Flag
    FIRST LOOK NOTES
    23 Apr 2025
    Jarir Marketing Co
    BUY
    SAR 12.60
    SAR 14.50
    +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.
  • Saudi Flag
    FIRST LOOK NOTES
    22 Oct 2024
    Jarir Marketing Co
    BUY
    SAR 13.30
    SAR 15.50
    +16.54%

    Saudi Equity Research - Jarir Marketing Company 3Q24 - First Look Note

    Discounts from smartphone vendors benefitted the bottom line
  • Saudi Flag
    FIRST LOOK NOTES
    19 Jul 2024
    Jarir Marketing Co
    BUY
    SAR 13.24
    SAR 15.50
    +17.07%

    Improvement in sales mix drives top-line

    The Company’s revenue increased 8.8% YOY to SAR 2,650 Mn in 2Q24 attributable to a growth in the sale of smartphones, computers, televisions, and video games.
  • Saudi Flag
    FIRST LOOK NOTES
    25 Apr 2024
    Jarir Marketing Co
    BUY
    SAR 13.90
    SAR 16.50
    +18.71%

    Expansion of the showroom network to drive revenue growth

    Jarir Marketing Co (“JARIR”, “The Company”) reported an 11.5% YOY decline in net profit to SAR 219 Mn in 1Q24, lower than our estimate of SAR 244 Mn.
  • Saudi Flag
    FIRST LOOK NOTES
    05 Feb 2024
    Jarir Marketing Co
    BUY
    SAR 15.20
    SAR 17.50
    +15.13%

    Strong revenue growth and higher operating profit offset the decline in margins

    Jarir’s revenue grew 8.7% YOY to SAR 2,802 Mn in 4Q23, attributable to growth in the sales of video games, smartphones and computer segments.
  • Saudi Flag
    FIRST LOOK NOTES
    13 Oct 2023
    Jarir Marketing Co
    BUY
    SAR 14.96
    SAR 17.50
    +16.98%

    Lower expenses on advertisement and promotional offers boosted profit

    Jarir’s revenue grew 4.8% YOY to SAR 2,639 Mn in 3Q23 attributable to growth in all the segments, particularly in computer and video game sections.The Company opened new store in Jeddah with a total area of 4,340 sq mt after which its total store count reached to total of 71 stores of which 61 store are located in KSA
  • Saudi Flag
    FIRST LOOK NOTES
    20 Jul 2023
    Jarir Marketing Co
    HOLD
    SAR 16.00
    SAR 17.50
    +9.38%

    Discounting & product mix dragged profitability

    Jarir Marketing Co (“JARIR”, “The Company”) reported 12.1% YOY decline in net profit to SAR 156 Mn in 2Q23, lower than our estimate of SAR 184 Mn.

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