Jahez is a pioneer in Saudi Arabia’s tech ecosystem, evolving from the first Saudi-born listed unicorn focusing on food delivery to a leading integrated lifestyle ecosystem. Since its inception in 2016 and IPO in 2022, Jahez has achieved record growth in GMV (36% five-year CAGR), profitability and regional expansion. Its deep understanding of local consumer behavior and commitment to Vision 2030 positions it as a leading force in Saudi Arabia’s digital economy.
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- Jahez is deeply rooted in Saudi Arabia, leveraging its unmatched understanding of local consumer behavior to adapt swiftly to market trends and capitalize on emerging opportunities.
- As the first Saudi-born tech startup to go public, Jahez embodies the Kingdom’s entrepreneurial vision under Vision 2030, redefining what it means to lead in the digital economy.
- Jahez operates across three key markets - Saudi Arabia, Bahrain and Kuwait - serving an
addressable population of 42 million. With a growing active user base of 4.3 million and
robust partnerships with over 45K merchant branches, Jahez continues to deepen its market
presence and foster strong ecosystem collaborations.
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- Since 2020, Jahez has consistently been profitable and free cash flow positive.
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With a five-year GMV CAGR of 36%, Jahez leads as the fastest-growing platform in Saudi Arabia.
- Record 2024 revenue of % 2.2 billion, supported by 106 million orders across 100+ cities and three countries.
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- Jahez has built a robust ecosystem encompassing local commerce, logistics and merchant ecosystems, each powered by cutting-edge technology and innovation.
- Jahez has diversified platforms that extend beyond food delivery, generating new revenue streams from retail offerings across Quick Commerce, sports merchandise and event booking, and merchant-enabling solutions like Co, Marn and SOL which empower partners with growth enabling tools and seamless integration.
- The synergy between these verticals delivers a holistic value chain, enhancing customer experience, strengthening merchant partnerships and driving deeper engagement and loyalty.
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- Jahez’s logistics arm, Logi, operates the largest fleet in Saudi Arabia of +3,800 delivery partners, enabling it to navigate the Kingdom’s complex Last-Mile Delivery landscape with unparalleled efficiency.
- While Logi currently supports Jahez’s internal operations, it is set to extend its services to external clients/customers starting in 2025, catering to On-Demand Services across both food and non-food delivery.
- Beyond Last-Mile Delivery, Logi is strategically positioning itself to expand into the broader B2B logistics market, leveraging its fleet and operational expertise to serve a wider range of industries in the long-term.
- With Vision 2030 positioning Saudi Arabia as a regional logistics hub, Logi is primed to capitalize on government projects and other large-scale initiatives, benefiting from its deep-rooted expertise and scale advantage.
- Jahez is well-positioned to scale these capabilities further, capitalizing on growing demand in the broader e-commerce and logistics sectors.
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- Saudi Arabia, the largest and fastest- growing market in MENA, is projected to achieve a 12% CAGR in GMV growth by 2030.
- Jahez is uniquely positioned to capture this growth, already holding a leading market share and actively expanding its footprint across non-KSA regions.
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- Jahez has rapidly expanded into Bahrain and Kuwait, achieving a 28.5% increase in GMV year-on-year and 20.7% growth in active users in 2024.
- By adapting its proven ecosystem model to new markets, Jahez is unlocking growth in a sustainable way while maintaining strong operational metrics.
- Increasing contribution to Group’s GMV from non-KSA platforms, with ample headroom for continued scaling across the MENA region.
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- Jahez is a pioneer in the end-to-end delivery model in the Kingdom, revolutionizing the industry with seamless integration of logistics, technology and customer experience.
- From customers to merchants to drivers and throughout the entire value chain, user experience is an obsession at Jahez.
- Through its investment arm, Red Color, Jahez supports Saudi entrepreneurship, backing innovative startups that align with its vision to push boundaries in technology and service delivery.
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- Jahez is making notable progress on their climate ambitions, establishing its GHG inventory baseline covering scope 1, 2 and 3 and its plan towards a net-zero goal, and achieved delivering an 11% reduction in emissions intensity in 2024.
- A strategic framework with identified climate risks and opportunities aligning with IFRS S1 and S2 is under development.
- 80% of Jahez suppliers have been screened for ESG risks.
- Jahez is committed to diversity and inclusion, with 17% female Board membership and an 18% increase of women in the workforce during 2024.
- As an employee of choice in its sector, Jahez has been certified as a “Best Place to Work” in 2024.
- Jahez prioritizes the safety of its staff and over 331 new drivers were trained in 2024, having conducted a total of over 1,676 hours of training during the year, which helped to reduce the number of traffic accidents.
