Jarir Marketing Company (Jarir Bookstores) launched its first new showroom in 2023 in the UAE at a total investment of SAR 22 million, according to a bourse filing.

Located in the University City area in the Emirate of Sharjah, the building spans 4,000 square metres and is set to include all the product range of Jarir bookstores. This marks the company’s 69th showroom inside and outside Saudi Arabia.

Meanwhile, the inauguration in the UAE will reflect on the Tadawul-listed firm’s income statements during the first quarter (Q1) of 2023.

In 2022, Jarir registered net profits after Zakat and tax worth SAR 969.80 million, down 2.23% year-on-year (YoY) from SAR 991.90 million.

Revenues grew by 3.34% to SAR 9.39 billion last year from SAR 9.08 billion in 2021, whereas the earnings per share (EPS) declined to SAR 8.08 from SAR 8.27.