Saudi retailer Jarir Bookstore reports slight profit drop due to supply shortages

  • 1/30/2022
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Net profit dropped to SR992 million ($264.4 million) Saudi retail giant Jarir Marketing, known as Jarir Bookstore, reported a 1 percent drop in net profits in 2021, mainly due to shortage of supply. Net profit dropped to SR992 million ($264.4 million), the company reported on the Saudi stock exchange. The Saudi firm said supply shortage has impacted sales of some of its retail categories, including computers video games. Jarir started as a small bookshop in 1974, eventually expanding its offerings to toys, electronics, and office supplies.

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