AlJazira Capital Retains Neutral Rating on Jarir Marketing After 'Strong' Q2 Results

MT Newswires · 2d ago
06:10 AM EDT, 07/16/2026 (MT Newswires) -- AlJazira Capital maintained its neutral rating on Jarir Marketing (SASE:4190), with a 16.1 Saudi-riyal price target, as it took note of the company's second-quarter results. "Jarir posted strong set of results in Q2-26, however we believe that this improvement in not sustainable as it was supported by supply shortages. Where we acknowledge companies strong performance in online segment, we highlight that this segment has [significantly] lower margins due to very high competition. Moreover, limited share in high margin home appliances segment and ongoing digitalisation in schools/offices are key headwinds for the stock," analysts said in a Wednesday note. For the second quarter, the Saudi Arabian retailer logged a 19.5% annual increase in its net income to 235.6 million riyals, higher than AlJazira's forecast of 211 million riyals and the consensus of 221.8 million riyals. The company's 2.77 billion-riyal revenue, meanwhile, was below the research firm's estimate of 2.86 billion riyals.