Jarir Marketing Saudi Arabia’s profit increased by 23% during the second quarter of 2020 | latest news

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The profits of the Saudi Jarir Marketing Company during the second quarter of this year increased by 23% on an annual basis, recording 208 million riyals.

The company’s profits also increased during the first half of the same year by 14%, to reach 460 million riyals.

The company attributed the reasons for the increase in profits to the increase in sales of some retail departments, in addition to the decrease in the cost of financing as a result of the payment of borrowing balances from banks.

The company’s board of directors recommended distributing cash dividends to shareholders for the second quarter of the fiscal year 2020 by 1.7 riyals, which represents 17% of the nominal value of the share, with a total amount distributed of 204 million riyals.





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