Jarir’s CEO expects the company’s 4th Q profit to climb 15 percent

Jarir Bookstore Co’s 4^th quarter profit is expected to increase 15 percent compared to the 2^nd profit  on sales of Iphone 6 and opening of new stores, Mohamed Akeel, the company’s CEO, told CNBC Arabiya in a phone interview.

The company plans to open new branches in Kuwait and Abu Dhabi in the 1^st and 2^nd quarters next year.

Jarir wants to expand more in Kuwait, he said. Jarir’s 3^rd quarter profit climbed 8 percent to SAR 237.4 million in the 3^rd quarter, according to Argaam.