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KSA 1,159,568 1,667,883 1,847,398 Non - KSA - 4,129 72,366

Jahez, an online food delivery startup launched in 2016 in Riyadh, has rapidly grown to become a leading player in the MENA region's on-demand services, achieving a historic USD 2.4 billion IPO. The company reported significant revenue growth from SAR 1,159,568 in FY 2021 to SAR 1,847,398 in FY 2023, and has established itself as Saudi Arabia's first homegrown unicorn. Key financial indicators show strong performance, with a net income of SAR 118,768 for FY 2023 and a market capitalization of SAR 7,501.64 million as of February 2025.

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11 views2 pages

KSA 1,159,568 1,667,883 1,847,398 Non - KSA - 4,129 72,366

Jahez, an online food delivery startup launched in 2016 in Riyadh, has rapidly grown to become a leading player in the MENA region's on-demand services, achieving a historic USD 2.4 billion IPO. The company reported significant revenue growth from SAR 1,159,568 in FY 2021 to SAR 1,847,398 in FY 2023, and has established itself as Saudi Arabia's first homegrown unicorn. Key financial indicators show strong performance, with a net income of SAR 118,768 for FY 2023 and a market capitalization of SAR 7,501.64 million as of February 2025.

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q.aaal293
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Market: Tadawul Symbol: 6017 ISIN: SA1660IIU0H3 Sector: Consumer Services

Launched in 2016 as an online food delivery startup with much scope and ambition, Jahez began its operations
headquartered in Riyadh looking to disrupt the Kingdom’s on-demand service landscape in ways that were until then
deemed impossible. The founders, who were and continue to be great believers in Saudi ingenuity, drew from the
Kingdom’s increasingly impressive wealth of scientific and technological knowhow and talent to set the stage for a
pioneering online business venture that would turbocharge the MENA region’s internet entrepreneurship potential.

Fiscal Year 2021 Fiscal Year 2022 Fiscal Year 2023


SAR'000 SAR'000 SAR'000
KSA 1,159,568 1,667,883 1,847,398
Non - KSA - 4,129 72,366

Early investments in ICT resources and capabilities in a rapidly changing technological environment helped Jahez venture
out with confidence that its vision to be the region’s most loved lifestyle platform would be realized in a matter of years.
These investments included in-house expertise in smartphone application development, on-demand services, last-mile
delivery, cloud servers and other factors that would bring to consumers an unparalleled digital shopping experience par
excellence.
With a steady stream of headline-grabbing acquisitions and expansions made during the intervening period between
inception and the historic USD 2.4 billion. IPO, Jahez had cemented itself as a major player in the sector, already
recognized as the Kingdom’s fastest growing platform by market share and the first homegrown unicorn to go public.

Share Data 24/02/2025


Currency SAR Volume 849,961
Previous Close 35.75 Number of Shares (mln) 209.84

Change (%) -2.05 Market Cap (mln) 7,501.64


Key Figures (SAR'000) 2022 H1/23 2023 H1/24 Q3/2024

Income Statement

Revenue 1,602,477 835,616 1,784,755 1,021,894 601,267

Gross profit 359,180 184,713 405,878 216,918 157,591

Operation profit/(loss) 64,020 42,466 101,895 32,518 74,384

Net income/(loss) for the year 56,523 58,109 118,768 43,031 79,715

Balance Sheet

Total assets 1,410,885 1,467,226 1,650,796 1,613,884 1,695,827

Total equity 1,003,966 1,070,102 1,145,479 1,137,395 1,171,545

Total liabilities 406,919 397,124 505,317 476,489 524,282

Cash flow

Net cash flows generated from


7,198 49,468 256,868 9,232 130,984
operating activities

Net cash flows used in investing


(219,056) (7,565) (16,069) (240,108) 60,228
activities

Net cash flows (used in)/generated


722,856 (19,060) (34,425) (59,019) (56,916)
from financing activities

Cash and cash equivalents as at the


902,686 925,528 1,109,060 819,165 953,460
end of the year

Key Indicators

Basic and diluted earnings per share


0.29 0.30 0.61 0.21 0.39
(SAR)

King Abdullah Road, Supplied by ©


Waha Riyadh 12444
Kingdom of Saudi Arabia

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