Jahez holds 32% share of delivery orders in Saudi Arabia: CFO

In 2024, the total number of orders processed through delivery platforms reached 290 million, with Jahez handling 91 million.

Speaking at the investors and analysts meeting attended by Argaam, he added that the company’s total orders reached 106 million in 2024, marking a 25% increase. Additionally, the average order value rose to SAR 61.7.

Orders from outside Riyadh accounted for 47% of total orders in the fourth quarter of 2024. He noted that when considering the average order value, which is higher than that of competitors, Jahez’s market share exceeds 35%.

The company’s international operations represented 11% of total order value in 2024, up from 5% in 2023, reflecting its successful global expansion.

Looking ahead to 2025, Jallouli stated that Jahez aims to achieve a total order value between SAR 7.4 and 8 billion, with expected net revenue ranging between SAR 2.6 and 3 billion, supported by digital ad expansion and operational growth.

He emphasized that Jahez continues to invest in operational efficiency while maintaining a commitment to sustainable growth and long-term value creation for shareholders.

The company has taken competition into account in its future plans, with a strategy focused on enhancing customer experience and delivering added value rather than solely competing on price.

Jahez CEO Ghassab Al Mandeel reported that the company’s gross merchandise value (GMV) grew by 28% to reach SAR 6.5 billion by the end of Q4 2024, driven by expansion in Saudi Arabia, Kuwait, and Bahrain.

The platform continues to diversify its revenue streams by investing in new sectors, including local commerce and logistics services.

Jahez had an exceptional year in 2024, successfully transitioning to the main market (TASI) in December 2024, demonstrating the company’s maturity and financial strength, stating that its strategy focuses on achieving a balance between growth and profitability.

This move enhances investor appeal and liquidity, reinforcing Jahez’s commitment to transparency and long-term value creation for shareholders.

The company is also working to improve delivery efficiency through its logistics arm, Logi, which had over 4,000 drivers by the end of 2024. Jahez aims for Logi to handle 60% of deliveries in Saudi Arabia by 2026.

According to data available on Argaam, Jahez’s net profit rose to SAR 188 million in 2024, up from SAR 125.3 million in 2023. The company’s Q4 2024 profit stood at SAR 65.1 million.