Market: Tadawul | Symbol: 9526 | ISIN: SA15ED94KR18 | 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 SAR'000 |
Fiscal Year
2022 SAR'000 |
Fiscal Year
2023 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 | 29/08/2024 | ||
Currency | SAR | Volume | 362,759 |
Previous Close | 24.90 | Number of Shares (mln) | 209.84 |
Change (%) | -1.19 | Market Cap (mln) | 5,224.92 |
Key Figures (SAR'000) | H1/22 | 2022 | H1/23 | 2023 | H1/24 |
Income Statement | |||||
Revenue | 739,824 | 1,602,477 | 835,616 | 1,784,755 | 1,021,894 |
Gross profit | 168,806 | 359,180 | 184,713 | 405,878 | 216,918 |
Operation profit/(loss) | 61,751 | 64,020 | 42,466 | 101,895 | 32,518 |
Net income/(loss) for the year | 52,650 | 56,523 | 58,109 | 118,768 | 43,031 |
Balance Sheet | |||||
Total assets | 1,321,864 | 1,410,885 | 1,467,226 | 1,650,796 | 1,613,884 |
Total equity | 991,440 | 1,003,966 | 1,070,102 | 1,145,479 | 1,137,395 |
Total liabilities | 330,424 | 406,919 | 397,124 | 505,317 | 476,489 |
Cash flow | |||||
Net cash flows generated from operating activities | 19,740 | 7,198 | 49,468 | 256,868 | 9,232 |
Net cash flows used in investing activities | (166,399) | (219,056) | (7,565) | (16,069) | (240,108) |
Net cash flows (used in)/generated from financing activities | 739,349 | 722,856 | (19,060) | (34,425) | (59,019) |
Cash and cash equivalents as at the end of the year | 984,377 | 902,686 | 925,528 | 1,109,060 | 819,165 |
Key Indicators | |||||
Basic and diluted earnings per share (SAR) | 5.2 | 0.29 | 0.30 | 0.61 | 0.21 |