Saudi retailer Jarir expects moderate growth in 2018

Riyadh

MAJOR Saudi Arabian retailer Jarir Marketing Co expects single-digit growth in sales in 2018, after a double-digit pace this year as it took market share from smaller rivals, its chairman said.

Government regulations pushing retailers of electronics to hire Saudi citizens instead of less costly foreigners hurt smaller companies that were less able to absorb the financial hit, helping Jarir increase its market share in the segment to 20 per cent in 2017 from 15 per cent, he said.