Jahez

Riyadh-based group behind the Jahez food delivery app, with logistics, cloud kitchen, B2B supply and sports retail businesses, operating in Saudi Arabia, Bahrain and Kuwait and, through Snoonu, in Qatar.

Industry: Online food delivery | Location: Riyadh, Saudi Arabia | Founded: 2016

About Jahez

Jahez is a Saudi food delivery company based in Riyadh. Its app connects restaurants and other merchants with customers and delivery drivers across the Kingdom. The company has described its founding year as 2016, while Argaam reports that it was established as a limited liability company in Riyadh in 2017 with capital of SAR 1 million. Ghassab Al-Mandeel is listed as chief executive and Prince Mishaal bin Sultan Al Saud as chairman. Jahez became a public company in the early 2020s. The founders said in 2020 that they intended to list in 2021, and in May 2021 the company appointed HSBC Saudi Arabia as sole financial adviser and global coordinator for a listing on Nomu, the Saudi Exchange's parallel market. Bloomberg reported in December 2021 that Jahez was preparing the Kingdom's first initial public offering by a technology startup, covering about 13 percent of the company. It was described as the first Saudi tech startup to list on a public exchange. In 2024 the company applied to move to the main market. Tadawul approved the transfer on 18 November 2024, trading was suspended from 5 December, and the shares began trading on the main market on 10 December 2024 under the symbol 6017, which Argaam counted as the 14th transition from Nomu. EnterpriseAM reported that in the first half of 2023 the company's revenue rose 13 percent year on year to SAR 835.6 million and net income rose 10 percent to SAR 58 million. Results for 2025 showed slower growth. In the first quarter, net revenue rose 9.4 percent to SAR 526.0 million and adjusted EBITDA more than doubled to SAR 51.1 million, according to the company's release carried by Zawya. For the nine months to September 2025, Mubasher reported revenue of about SAR 1.63 billion, roughly flat on the previous year, with 80.9 million orders, up 3.7 percent. With its third-quarter update, the company cut its 2025 guidance, lowering expected net revenue to SAR 2.2 to 2.4 billion from SAR 2.6 to 3.0 billion and citing market dynamics and increased competition in Saudi Arabia. Jahez has also expanded beyond food delivery and outside Saudi Arabia. In July 2025 it agreed to acquire a 76.56 percent stake in the Qatari e-commerce and delivery platform Snoonu, in a transaction reported by Wamda at USD 245 million, made up of USD 225 million for existing shares and USD 20 million for new shares. Snoonu's founder and chief executive Hamad Al Hajri was to keep 23.44 percent and continue to lead the business. The deal was subject to regulatory approvals and a shareholder vote. Jahez also made a strategic investment in the quick-commerce start-up Doos.

Leadership

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