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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.