Jarir forecast SAR 343 million profit: Al Rajhi kept Neutral on Jarir Bookstore stock

Published on 10/08/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argaam saw SAR 3.08 billion revenue in Q3 2026, up 3.5 percent. Al Rajhi kept Neutral on Jarir Bookstore stock as first-half profit rose 17.97 percent.

Jarir Bookstore, SA000A0BLA62, Illustration mit AI erstellt.

Jarir had forecast SAR 343 million in net profit for the third quarter of 2026, while Al Rajhi Capital kept a Neutral view on Jarir Bookstore stock. Argaam published the profit estimate on October 4, 2026, and MarketScreener listed Al Rajhi Capital's Neutral rating on September 10, 2026.

Three dated milestones

On September 10, 2026, MarketScreener showed an average target of SAR 17.41 from 14 analysts alongside the Al Rajhi Capital update. On September 24, 2026, Executive Moves reported first-half net profit of SAR 489 million, up 17.97 percent from the prior-year period. On October 4, 2026, Argaam projected third-quarter revenue of SAR 3.08 billion, a 3.5 percent year-over-year increase.

What does the Q3 estimate imply?

The forecast points to continued sales growth, but the earnings comparison is more measured. Argaam's average estimate for third-quarter net profit was SAR 344.03 million, while Riyad Capital's estimate was SAR 343.00 million and the prior-year third-quarter figure was SAR 324.91 million.

The same report said Jarir expected third-quarter activity to benefit from the back-to-school season, broader product offerings and digital-channel development. It also identified two showroom openings, including a 4,432-square-meter site in Arar with an investment value of SAR 48 million.

Saudi listing and valuation

Jarir Marketing Company SJSC trades as 4190 on Tadawul under ISIN SA000A0BLA62, according to Global Banking and Finance. The same listing page showed a Tadawul close of SAR 16.37 on October 6, 2026. Argaam listed market capitalization at SAR 19.7 billion on October 4, 2026, making the earnings forecast the immediate valuation reference for the stock.

Market context for the stock

Argaam's report listed Jarir's year-to-date performance at 28.17 percent and its 12-month performance at 18.95 percent as of October 4, 2026. The report also showed a recurring trailing price-to-earnings ratio of 17.49 and a dividend yield of 6.96 percent, placing the Q3 estimate alongside both growth and income metrics.

Market context: Latest market reports.