Complex Made Simple

Jarir eyeing 50% capital hike

Saudi retailer, Jarir Marketing Co is considering increasing its capital by 50% from SR600m to SR900m, Arab News has reported. This follows the recommendation made by the company’s board of directors at its meeting last Tuesday to extraordinary general assembly meeting, which also included raising the company’s capital through bonus shares. The capital increase is aimed at coping up with the recent and future expansions of Jarir branches within and outside Saudi Arabia.