Jarir Marketing inaugurated on Monday, 16 October, a showroom in Hufouf region with total investments of SAR 60 million.
The new inaugurated showroom will replace its leased existing one in Hufouf and the Saudi employees in it will make up 65% of the total staff, according to a statement on Tuesday to the Saudi Stock Exchange (Tadawul).
It covers an area of 4,000 square metres, located in the Dhahran Road in Hufouf, and it is the fifth opened showroom since the beginning of 2017.
The financial impact of the transactions is expected to appear in the fourth quarter of 2017.
The stock decreased 1.40%, closing at SAR 146 on Tuesday.