FAB Securities keeps Hold on Jarir Bookstore stock

Jarir Marketing Company, identified with Jarir Bookstore (ISIN SA000A0BLA62), reported SAR 863 million in preliminary net income for the first nine months of 2026. On October 20, 2026, MarketScreener reported that FAB Securities lifted its price target while keeping a Hold stance. Jarir Bookstore stock had a SAR 19.7 billion market capitalization on October 22, 2026.

Profit growth outpaced sales

The nine-month figures show a clear operating comparison. According to Jawlah on October 13, 2026, revenue rose 9.70 percent to SAR 8.97 billion from SAR 8.17 billion in the year-earlier period, while net income increased 16.70 percent from SAR 739.40 million to SAR 863.00 million. The figures were preliminary and had not been reviewed by the external auditor.

That gap between sales and profit is the central financial signal. Gross profit rose 16.60 percent to SAR 1.18 billion for the first nine months of 2026, faster than revenue, as Jarir linked the improvement to stronger margins and less reliance on discounted promotions.

What changed in the third quarter?

Jarir's third-quarter performance added a sharper sequential comparison. Argaam reported on October 13, 2026, that the average basket value rose 6.00 percent, while installment sales represented 41.00 percent of total sales. Physical showrooms contributed 62.00 percent and digital channels 38.00 percent during the quarter.

For the third quarter, net income reached SAR 374.00 million, up 15.10 percent from SAR 324.90 million a year earlier. Revenue increased 7.80 percent to SAR 3.15 billion, and gross profit rose 14.40 percent to SAR 499.10 million. MarketScreener listed a Hold consensus from 14 analysts and an average target of SAR 17.48.

Three results milestones

On August 9, 2026, Jarir reported second-quarter and first-half results, including quarterly profit of SAR 235.60 million, according to MarketScreener. On August 10, 2026, Argaam listed a quarterly dividend of SAR 0.20 per share. On October 13, 2026, Jarir reported third-quarter net income of SAR 374.00 million and nine-month net income of SAR 863.00 million.

Stock valuation stays below its high

Jarir Marketing Company trades on Tadawul under ticker 4190 and operates in specialty retail, selling books, school and office supplies, electronics and related products. Its 52-week range was SAR 12.26 to SAR 18.38 as of October 22, 2026, placing the latest quote below the upper end of that band.

Jarir Bookstore stock was last at SAR 16.40 on Tadawul on October 22, 2026 at 10:49 a.m. AST. The price stood alongside a SAR 19.7 billion market capitalization and a SAR 12.26 to SAR 18.38 52-week range.