Jarir pens deal with Jarir Real Estate

The listed Jarir will sell a land plot spanning 10,542 square metres to the real estate firm

  
An Asian labourer works at the construction site of a building in Riyadh, Saudi Arabia August 2, 2016. Image used for illustrative purpose.

An Asian labourer works at the construction site of a building in Riyadh, Saudi Arabia August 2, 2016. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstore) has signed a contract worth SAR 97.92 million with Jarir Real Estate Company on 25 October to sell an asset in Riyadh.

The listed Jarir will sell a land plot spanning 10,542 square metres to the real estate firm, according to a bourse disclosure on Tuesday.

The expected financial impact of this contract is a profit worth SAR 38.49 million, which will reflect on the income statements of the fourth quarter (Q4) of 2021.

Jarir did not disclose the duration of the contract nor further details.

Source: Mubasher

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