Jahez activities grow despite strong competition in food delivery market: CEO

21/03/2022 Argaam

Logo of Jahez International Company for Information System Technology

Jahez International Company for Information System Technology recorded an increase in revenues and net profit at strong growth rates in 2021, thanks to the continuous development and improved operational efficiency, CEO Ghassab bin Mandeel said.

 

“Jahez activities have grown through the increase in the number of customers and orders, and the average number of stores registered in Jahez platform, in addition to the growth of our subsidiaries, despite the strong competitive environment in the food delivery and logistics market in the Kingdom in general,” bin Mandeel added, commenting on the company’s financial results.

 

Jahez is looking to raise its market share in food delivery services, in addition to expanding into the logistics, Quick Commerce and Cloud Kitchens sectors by utilizing its expertise and food delivery infrastructure, he concluded.

 

The group reported an over twofold rise in its 2021 net profit after Zakat and tax to SAR 117.1 million, from SAR 39.7 million a year earlier, Argaam reported.

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