Jarir Bookstore

Jarir Bookstore

Trade name	JARIR
Native name	مكتبة جرير
Type	Retail
Traded as	Jarir
ISIN	SA000A0BLA62
Industry	Retailing
Founded	July 9, 1979 (1979-07-09)
Founder	Al-Agil brothers
Headquarters	Al Olaya, Riyadh , Saudi Arabia
Number of locations	Saudi Arabia 57 Qatar 3 UAE 2 Kuwait 4 Libya 1
Area served	Middle East
Key people	Mohammed Bin Abdulrahman Al-Agil (Chairman) Abdulkarim Bin Abdulrahman Al-Agil (CEO) Abdullah Bin Abdulrahman Alagil (Managing director) Nasser Bin Abdulaziz Alagil (Chief operating Officer) Basil Bin Muhammad Bin Jabr (Representative General Organization for Social Insurance)
Services	Books and Electronic Retail
Revenue	3,779,222 SAR (30/06/2019)
Net income	402,819 SAR (30/06/2019)
Total assets	3,883,246 SAR (30/06/2019)

Jarir Bookstore (Arabic: مكتبة جرير) is a Saudi Arabian establishment founded by Abdulrahman Nasser Al-Agil. In its early years, the bookstore dealt in used books and art sold by expats living in Riyadh, Saudi Arabia. Since then; it has grown to be the largest retailer of books and consumer electronics in Saudi Arabia. In 2003, the company had undergone an initial public offering and a third of its shares is currently traded on Tadawul the Saudi stock exchange.

Activities

Jarir is active in the Middle East for consumer IT products, Electronics, Office supplies and Books.

In 2017: Jarir was recognized as the 7th “Most Valuable Retail Brand” in Saudi Arabia (BRANDZ Top 20 Most Valuable Saudi Arabian Brands).

In 2018: Jarir figured in the “Top 100 Listed Companies” in the Arab World (Forbes, Middle East).

Due to the COVID-19 Pandemic Online sales rose six-fold in the second quarter 2020 comparing to previous year.

Strategic Growth Priorities

• Over 80 Showrooms in KSA and GCC by 2025
• 10 CAGR through new stores and Growth in Category Share Gain
• Grow eCommerce capabilities as an enabler for overall growth in Saudi and internationally
• Retain market leadership stay ahead of the curve by forecasting future technology trends and constant review of product mix
• Continue to Improve Category Management capabilities and plans
• Increase Customer Life Time Value via Customer Centric approach and Data Driven capabilities Offer customers products, services and experiences that are more personalized and relevant to them
• Continue to differentiate the product selling proposition by creating value in after sales services
• Enhance organization structure to fit future business size
• Grow and utilize Jarir presence online through Social Media Digital Marketing to strengthen Customer engagement with Jarir Brand
• Develop strategy and project management office to strengthen the organizational capability in achieving long term business objectives

Stores Lease vs. Own

• Jarir owns showrooms only when:

- Locations are prime / highly potential

- Properties are expected to significantly appreciate over 3–5 years

• 15 showrooms owned out of 62 showrooms, representing:

- 24% in terms of showrooms number and

- 27% in terms of total Floor Area

• All Owned showrooms are located in KSA.
• Owned showrooms are Top Performers in KSA in terms of sales as well as profits.
• Lease term of 10–20 years with exit option.

Branches

Branches:

• Saudi Arabia: 57 Showrooms;
• Kuwait: 4 Showrooms;
• Qatar: 3 Showrooms;
• UAE: 2 Showrooms

The headquarter is located in Riyadh, Saudi Arabia.

Retail Store Model / Design

• Prime locations
• Land mark buildings
• Appealing store layout and design
• Average of 35,000+ Sq Ft
• Carpeted floors, low shelves and segmented Plan O Grams
• Meets personal needs across all family members

Awards & Recognitions

2008:

• Jarir received Saudi Top Transparency Award – BMG Financial Advisors 2008.

2012:

• Jarir ranked 1st in the strongest Executive Management in Retail – Forbes 2012

2013:

• Jarir was recognized among the top 10 Most Recognized Brand Names in The Middle East – Forbes 2013

2016:

• Jarir was recognized as no. 1 Saudi Retailer and ranked 67 among the Top 100 companies in Arab World – Forbes 2016.
• Jarir CEO was awarded in Top CEO Awards 2016, for Retail – TRENDS INSEAD 2016.
• Jarir won 2nd place among Private Sector Best Organiza- tion in Utilizing Social Media - his Highness Shaikh Salem Alali Alsobah Awards 2016.
• A books advertising campaign titled “Newsworthy Books” won multiple awards in 2016 including Dubai Lynx, EFFIE, Cristal Award and Lories Award.

2017:

• Jarir “Brand Value” is no. 7 in Saudi and no. 1 in retail, with estimated worth of SAR 5.6 billion – Brandz Top 20 Most Valuable Saudi Arabian 2017.
• Jarir is the no.1 retailer in Saudi on no. of Followers & Care Insight, on Twitter & Facebook – Sprinklr.com 2017.
• Jarir 2017 Back to school won Gold & Silver awards in MENA Effies, in “Retail non-food” & “youth marketing” respectively.

2018:

• Jarir “Brand Value” according to Brand Finance - Brand Directory 2018 is among top 25 Saudi Brands and top 50 in GCC. Among retailers, Jarir was the highest valued brand in both lists – Brand Finance Brand Direc- tory 2018.
• Jarir was recognized as one of the top 100 companies in the Arab world by Forbes Middle East 2018.
• Jarir was recognized as the number 1 retailer in 2018 Buzz Ranking Brand Index which measures the overall brand health by taking into consideration the average of impression, quality, value, satisfaction, recommenda- tion and reputation.

2019:

• Jarir was recognized as no. 1 Saudi Retailer and ranked 78 among the Top 100 companies in Arab World
• Forbes 2019 Jarir “Brand Value” is no. 7 in Saudi and no. 1 in retail, with estimated worth of SAR 5.6 billion – Brandz Top 20 Most Valuable Saudi Arabian 2019
• Jarir Bookstore was ranked no.5 in Saudi Most Saudi influential Brands 2019 - Ipsos, and no.1 among retail.
• Jarir Bookstore was ranked no.1 RETAILER IN 2019 BUZZ RANKING

2020:

• Jarir was recognized as no. 1 Saudi Retailer and ranked 61 among the Top 100 companies in Arab World – Forbes 2020.
• Jarir “Brand Value” is no. 8 in Saudi and no. 1 in retail, with estimated worth of SAR 5.6 billion – Brandz Top 20 Most Valuable Saudi Arabian 2020.