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Garehir's Q3 Profits Rise to 374M Riyals
Jarir Marketing Company achieved a net profit of 374 million Riyals in the third quarter of 2026, an increase of 15.11% compared to the same period last year, and a rise of 58.74% over the previous quarter. This growth is attributed to increased sales and higher profit margins. For the nine months, profits reached 863 million Riyals, up by 16.71%, supported by the back-to-school season and the opening of new branches. Additionally, the rising demand for smartphones and improved profit margins contributed to the company's profits outperforming sales growth, complemented by network expansion and the opening of five new showrooms in strategic locations.
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