OPERATIONAL HIGHLIGHTS
- Following a three-day offering period in December 2021, Jahez was listed on Nomu, the Saudi parallel market, on January 05 2022 in an unprecedented USD 2.4 Bn IPO.
- The Jahez IPO was the first ever listing of a Saudi early-stage company and the first ever cornerstone investment in a Saudi IPO.
- Jahez served around 10,000 merchants in 2022, from high-end restaurants and QSR to home bakers and corner shops.
- Post-IPO, Jahez provided opportunities to merchants to expand their footprint affordably and efficiently.
- The dining options continued in 2022, with the platform covering over 90 cities serving over 90% of the total population of the Kingdom.
- Active users on Jahez increased to 2.8 million (48% increase YoY) as smartphone penetration and delivery culture became more entrenched in the Kingdom.
- As of December 2022, over 150 million orders have been completed on the Jahez platform and the Group was served by 60,000 delivery partners.
- In Q3, the Jahez Group established BLU Store, a joint-venture with AlHilal Club with the Group owning 51%.
- Commercial operations in Bahrain began on June 26 2022 penetrating that Kingdom’s market with a distinctive delivery experience.
- By end 2022, Jahez had officially created its legal entity in Kuwait and begun team implementation, with a soft launch for the operations planned during Q1 2023.
FINANCIAL HIGHLIGHTS
- Revenue growth YoY : 38.2%
- Net Revenue : SAR 1,602.4 Mn
- Gross Profit : SAR 359.2 Mn
- Adjusted Earnings EBITDA : SAR 167.1 Mn
- Adjusted EBITDA margin 10% of the gross revenue
- Net Profit : SAR 58.9 Mn
- Operating profit : SAR 64 Mn
- Gross Merchandise Value : SAR 4.3 Bn (SAR 5.8 Bn GOV)
- Orders delivered : 69 million
- Average Order Value (AOV) : SAR 62.2
- Active users : 2.8 million
- Average take rate (%) : 12.45%
Cutting-edge insights
- Expansion : 90 cities
- Regions served : 13 provinces in addition to Bahrain and Kuwait
Employees
- Team size : 783 employees
Innovation
- Spend on Research and Development :
SAR 33.8 Mn