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Jahez International Company

Full company profile

uuid000085b

Namestring
Jahez International Company
Legal namestring
Jahez International Company for Information Systems Technology
Websiteurl
jahez.net
Company typeenum
Public
Founded yearint
2019
Descriptiontext

Jahez International Company for Information Systems Technology is a Saudi Arabia-headquartered online food delivery and quick commerce platform listed on the Tadawul stock exchange (ticker: 9526 / JAHEZ), with headquarters in Riyadh and operations across Saudi Arabia, Kuwait, and Qatar. The company operates a mobile-first marketplace that connects individual consumers with over 55,000 restaurant partners, supplemented by home-cooked meal offerings via a partnership with the Nine Tenths platform and dark-store-based quick commerce operations. Jahez also owns a 76.56% majority stake in Qatar-based Snoonu (acquired July 2025 for $245M) and fully owns dessert delivery platform The Chefz (acquired for $172.9M in 2022-2023). The company holds approximately 32% market share in Saudi Arabia's food delivery market and was recognized as a top delivery app in Kuwait via the Service Hero Customer Satisfaction Index.

The platform's core technology stack centers on a real-time two-sided marketplace with order tracking, scheduled delivery windows, Apple Pay and cash-on-delivery payment options, and integration with restaurant POS systems. Distribution is primarily through self-serve iOS and Android apps, augmented by the company website and a strategic cross-platform partnership with noon that exposes Jahez food delivery inside the noon app and noon Minutes inside Jahez. Jahez is also piloting autonomous last-mile delivery robots in Riyadh via partnerships with ROSHN Group and Robot.com (formerly Kiwibot).

Jahez generates revenue primarily through marketplace commissions of 15-35% charged to restaurant partners, transaction/delivery fees from consumers, and is expanding into adjacent quick commerce revenue streams through its noon partnership and dark store operations. Recent financial performance includes Q1 2025 net income growth of 185% YoY and adjusted EBITDA growth of 128% YoY across all geographies and verticals, with FY2025 GMV growth of 10.8% while maintaining profitability. In 2025, the company also secured a SAR 150M (~$40M) eight-year Islamic credit facility from National Bank of Bahrain to fund its headquarters capital expenditures.

Short descriptiontext

Jahez International Company is a Saudi Arabia-headquartered online food delivery and quick commerce platform with ~32% Saudi market share. It serves individual consumers via a marketplace of 55,000+ restaurant partners across Saudi Arabia, Kuwait, and Qatar (through majority-owned Snoonu).

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
online food delivery, restaurant marketplace, quick commerce delivery, on-demand delivery, delivery mobile app
Industry2 codes
1Restaurant Meal Delivery Platforms & Aggregators
CodeAFAIAMAAPrimaryYes
2Grocery & Convenience Delivery Platforms
CodeBPAMAHACPrimaryNo
NAICS code1 code
  • Limited-Service Restaurants722513
SIC code1 code
  • Retail-Eating & Drinking Places5810
Product category
Online Food Delivery
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Commission Fees from Restaurants
TypeMarketplace Commission
Description

Jahez charges commission fees of 15-35% to restaurant partners for orders placed through its platform

gulfnews.com
2Delivery Fees
TypeTransaction Fee
Description

Fees charged to customers for delivery services, with plastic packaging/bags charged at cost per government regulations

jahez.net
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1Restaurant Commission Model
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Commission fees of 15-35% charged to restaurant partners

argaam.com
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Jahez operates an online marketplace platform that connects individual consumers with a network of restaurant partners for on-demand food delivery. The mobile-first app and website allow users to browse restaurants, schedule delivery times, track orders and drivers in real time, and pay via multiple methods including Apple Pay, cash on delivery, and digital wallet. The company charges commissions of 15–35% to restaurant partners and delivery fees to consumers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 185% year-on-year net income growth in Q1 2025
+2 more records
Product overview1 text field

Jahez International Company operates as a Saudi-based online food delivery platform with a multi-brand portfolio strategy. The core offering is the Jahez App, a food delivery platform connecting users with restaurants. The company has expanded through acquisitions including The Chefz (dessert delivery) and a majority stake in Qatar's Snoonu (on-demand delivery). A strategic partnership with noon enables cross-platform access between Jahez food delivery and noon Minutes quick commerce. The company operates primarily in Saudi Arabia and expanded into Qatar through the Snoonu acquisition, with plans to launch Snoonu in Kuwait and Bahrain.

Product and service4 records
1Jahez App
CategoryCore product
Description

Mobile-first online food delivery application for individual consumers in Saudi Arabia, Kuwait, and Qatar, offering restaurant discovery, ordering, scheduled delivery, real-time driver tracking, and multiple payment options including Apple Pay. Connects over 55,000 merchant partners to end consumers.

2Snoonu
CategoryAcquired brand
Description

Qatar-based on-demand delivery platform serving consumers in Qatar with food, grocery, and quick commerce delivery. Operates as a Jahez subsidiary following the 2025 majority acquisition.

3The Chefz
CategoryAcquired brand
Description

Dessert-focused food delivery platform serving customers in Saudi Arabia, fully acquired by Jahez in late 2022 and operating as a wholly-owned subsidiary.

4Autonomous Food Delivery Robot Service
CategoryDelivery service
Description

Autonomous robot-powered last-mile food delivery service operating in Riyadh in partnership with ROSHN Group, enabling automated delivery of orders from restaurants to consumers.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-30
Description

Jahez and noon formed a landmark strategic partnership to transform everyday convenience in Saudi Arabia. The collaboration enables users to access noon Minutes through the Jahez app and Jahez food delivery via the noon app, combining quick commerce with food delivery services.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-07-11
Description

Jahez acquired 76.56% stake in Qatar's Snoonu for $245 million in July 2025, marking entry into the Qatari market. Snoonu's GMV reached $376 million with revenue growing over 3.5x to $140 million in 2024. Post-acquisition, Snoonu founder retains 23.44% and continues as CEO. Deal expected to close in H2 2025.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-07-01
Description

Jahez partnered with ROSHN Group to launch Saudi Arabia's first commercial autonomous food delivery service in Riyadh. This partnership represents innovative last-mile delivery solutions using autonomous robots.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership with Nine Tenths platform to provide creative chefs an opportunity to cook and deliver their products through the Jahez app, enabling home-cooked meal delivery.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Food delivery platform owned by Delivery Hero that is Jahez's largest direct competitor in Saudi Arabia, offering restaurant delivery with overlapping merchant base, app experience, and logistics operations.

TypeDirect peer
Description

Uber-owned super-app operating food delivery in Saudi Arabia and the UAE; competes head-on with Jahez on restaurant selection, driver logistics, and pricing. Careem's broader mobility ecosystem provides a competitive advantage.

TypeDirect peer
Description

Saudi-based on-demand delivery platform offering restaurant, grocery, and parcel delivery across Saudi Arabia - directly competitive with Jahez on both food and broader quick commerce vertical expansion.

TypeRegional player
Description

Delivery Hero-owned food and quick commerce delivery platform dominant in Kuwait, UAE, and other GCC markets; competes indirectly with Jahez via Snoonu in Qatar and represents the leading regional player Jahez hopes to challenge.

TypeDirect peer
Description

Dessert-focused delivery platform fully acquired by Jahez in 2022-2023 for $172.9M; previously a direct competitor in the dessert segment, now wholly-owned subsidiary offering peer-comparable business model insights.

TypeEmerging player
Description

Quick commerce arm of noon operating dark store-based delivery of groceries, food, and essentials across Saudi Arabia - directly competitive with Jahez's quick commerce expansion and now a strategic partner via the October 2025 mutual integration.

TypeDirect peer
Description

Qatar's leading on-demand delivery platform ($376M GMV, $140M revenue) now majority-owned by Jahez; previously competed in Qatar and offers a market-level comparable for evaluating Gulf food delivery unit economics.

TypeBroad incumbent
Description

International food delivery platform operating across multiple markets with similar marketplace-commission + delivery-fee business model; useful comparable for assessing Jahez's scale trajectory and take-rate benchmarks.

TypeBroad incumbent
Description

Global food delivery leader backed by Uber's mobility network; competes with Jahez where Uber operates and provides a benchmark for marketplace model at scale across geographies.

TypeRegional player
Description

DoorDash-owned European-based delivery platform expanding in select MENA markets; operates similar restaurant marketplace model with delivery logistics and represents a benchmark for international expansion strategy.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment10 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Jahez International Company

Online Food Deliveryjahez.net

Jahez International Company is a Saudi Arabia-headquartered online food delivery and quick commerce platform with ~32% Saudi market share. It serves individual consumers via a marketplace of 55,000+ restaurant partners across Saudi Arabia, Kuwait, and Qatar (through majority-owned Snoonu).

What Jahez International Company does

Jahez International Company for Information Systems Technology is a Saudi Arabia-headquartered online food delivery and quick commerce platform listed on the Tadawul stock exchange (ticker: 9526 / JAHEZ), with headquarters in Riyadh and operations across Saudi Arabia, Kuwait, and Qatar. The company operates a mobile-first marketplace that connects individual consumers with over 55,000 restaurant partners, supplemented by home-cooked meal offerings via a partnership with the Nine Tenths platform and dark-store-based quick commerce operations. Jahez also owns a 76.56% majority stake in Qatar-based Snoonu (acquired July 2025 for $245M) and fully owns dessert delivery platform The Chefz (acquired for $172.9M in 2022-2023). The company holds approximately 32% market share in Saudi Arabia's food delivery market and was recognized as a top delivery app in Kuwait via the Service Hero Customer Satisfaction Index.

The platform's core technology stack centers on a real-time two-sided marketplace with order tracking, scheduled delivery windows, Apple Pay and cash-on-delivery payment options, and integration with restaurant POS systems. Distribution is primarily through self-serve iOS and Android apps, augmented by the company website and a strategic cross-platform partnership with noon that exposes Jahez food delivery inside the noon app and noon Minutes inside Jahez. Jahez is also piloting autonomous last-mile delivery robots in Riyadh via partnerships with ROSHN Group and Robot.com (formerly Kiwibot).

Jahez generates revenue primarily through marketplace commissions of 15-35% charged to restaurant partners, transaction/delivery fees from consumers, and is expanding into adjacent quick commerce revenue streams through its noon partnership and dark store operations. Recent financial performance includes Q1 2025 net income growth of 185% YoY and adjusted EBITDA growth of 128% YoY across all geographies and verticals, with FY2025 GMV growth of 10.8% while maintaining profitability. In 2025, the company also secured a SAR 150M (~$40M) eight-year Islamic credit facility from National Bank of Bahrain to fund its headquarters capital expenditures.

Jahez International Company firmographics

Firmographics
Name
Jahez International Company
Legal name
Jahez International Company for Information Systems Technology
Website
https://jahez.net
Company type
Public
Founded year
2019
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Jahez International Company is a Saudi Arabia-headquartered online food delivery and quick commerce platform with ~32% Saudi market share. It serves individual consumers via a marketplace of 55,000+ restaurant partners across Saudi Arabia, Kuwait, and Qatar (through majority-owned Snoonu).
Ownership category
akta.pro rank

Jahez International Company industry classification

Industry
Product category
Online Food Delivery
NAICS
Limited-Service Restaurants (722513)
SIC
Retail-Eating & Drinking Places (5810)
akta.pro primary industry
Restaurant Meal Delivery Platforms & Aggregators (AFAIAMAA)
akta.pro secondary industry
Grocery & Convenience Delivery Platforms (BPAMAHAC)

Keywords

  • Online food delivery
  • Restaurant marketplace
  • Quick commerce delivery
  • On-demand delivery
  • Delivery mobile app

Where Jahez International Company is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices2 records

Markets served

Jahez International Company business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content
Cost components
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Commission Fees from Restaurants: Jahez charges commission fees of 15-35% to restaurant partners for orders placed through its platform
  2. Delivery Fees: Fees charged to customers for delivery services, with plastic packaging/bags charged at cost per government regulations

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goRestaurant Commission Model

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Jahez International Company product offering

Product offering

Core offering

Jahez operates an online marketplace platform that connects individual consumers with a network of restaurant partners for on-demand food delivery. The mobile-first app and website allow users to browse restaurants, schedule delivery times, track orders and drivers in real time, and pay via multiple methods including Apple Pay, cash on delivery, and digital wallet. The company charges commissions of 15–35% to restaurant partners and delivery fees to consumers.

Product overview

Jahez International Company operates as a Saudi-based online food delivery platform with a multi-brand portfolio strategy. The core offering is the Jahez App, a food delivery platform connecting users with restaurants. The company has expanded through acquisitions including The Chefz (dessert delivery) and a majority stake in Qatar's Snoonu (on-demand delivery). A strategic partnership with noon enables cross-platform access between Jahez food delivery and noon Minutes quick commerce. The company operates primarily in Saudi Arabia and expanded into Qatar through the Snoonu acquisition, with plans to launch Snoonu in Kuwait and Bahrain.

Differentiator

Problem solved

Functional benefit

Products and services

  • Jahez App Mobile-first online food delivery application for individual consumers in Saudi Arabia, Kuwait, and Qatar, offering restaurant discovery, ordering, scheduled delivery, real-time driver tracking, and multiple payment options including Apple Pay. Connects over 55,000 merchant partners to end consumers.
  • Snoonu Qatar-based on-demand delivery platform serving consumers in Qatar with food, grocery, and quick commerce delivery. Operates as a Jahez subsidiary following the 2025 majority acquisition.
  • The Chefz Dessert-focused food delivery platform serving customers in Saudi Arabia, fully acquired by Jahez in late 2022 and operating as a wholly-owned subsidiary.
  • Autonomous Food Delivery Robot Service Autonomous robot-powered last-mile food delivery service operating in Riyadh in partnership with ROSHN Group, enabling automated delivery of orders from restaurants to consumers.

Quantifiable outcome

  • 185% year-on-year net income growth in Q1 2025
  • +2 more outcomes

Companies that use Jahez International Company

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Jahez International Company technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Jahez International Company partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • nooncoreStrategic or Co-development Partner · 30 October 2025Jahez and noon formed a landmark strategic partnership to transform everyday convenience in Saudi Arabia. The collaboration enables users to access noon Minutes through the Jahez app and Jahez food delivery via the noon app, combining quick commerce with food delivery services.
  • SnoonucoreStrategic or Co-development Partner · 11 July 2025Jahez acquired 76.56% stake in Qatar's Snoonu for $245 million in July 2025, marking entry into the Qatari market. Snoonu's GMV reached $376 million with revenue growing over 3.5x to $140 million in 2024. Post-acquisition, Snoonu founder retains 23.44% and continues as CEO. Deal expected to close in H2 2025.
  • ROSHN GroupcoreStrategic or Co-development Partner · 1 July 2025Jahez partnered with ROSHN Group to launch Saudi Arabia's first commercial autonomous food delivery service in Riyadh. This partnership represents innovative last-mile delivery solutions using autonomous robots.
  • Nine Tenths (9/10th)minorStrategic or Co-development PartnerPartnership with Nine Tenths platform to provide creative chefs an opportunity to cook and deliver their products through the Jahez app, enabling home-cooked meal delivery.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Jahez International Company competitors and assessment

Company assessment

Direct peers

  • HungerStation: Food delivery platform owned by Delivery Hero that is Jahez's largest direct competitor in Saudi Arabia, offering restaurant delivery with overlapping merchant base, app experience, and logistics operations.
  • Careem: Uber-owned super-app operating food delivery in Saudi Arabia and the UAE; competes head-on with Jahez on restaurant selection, driver logistics, and pricing. Careem's broader mobility ecosystem provides a competitive advantage.
  • Mrsool: Saudi-based on-demand delivery platform offering restaurant, grocery, and parcel delivery across Saudi Arabia - directly competitive with Jahez on both food and broader quick commerce vertical expansion.
  • The Chefz: Dessert-focused delivery platform fully acquired by Jahez in 2022-2023 for $172.9M; previously a direct competitor in the dessert segment, now wholly-owned subsidiary offering peer-comparable business model insights.
  • Snoonu: Qatar's leading on-demand delivery platform ($376M GMV, $140M revenue) now majority-owned by Jahez; previously competed in Qatar and offers a market-level comparable for evaluating Gulf food delivery unit economics.

Regional players

  • Talabat: Delivery Hero-owned food and quick commerce delivery platform dominant in Kuwait, UAE, and other GCC markets; competes indirectly with Jahez via Snoonu in Qatar and represents the leading regional player Jahez hopes to challenge.
  • Wolt: DoorDash-owned European-based delivery platform expanding in select MENA markets; operates similar restaurant marketplace model with delivery logistics and represents a benchmark for international expansion strategy.

Emerging players

  • noon Minutes: Quick commerce arm of noon operating dark store-based delivery of groceries, food, and essentials across Saudi Arabia - directly competitive with Jahez's quick commerce expansion and now a strategic partner via the October 2025 mutual integration.

Broad incumbents

  • Deliveroo: International food delivery platform operating across multiple markets with similar marketplace-commission + delivery-fee business model; useful comparable for assessing Jahez's scale trajectory and take-rate benchmarks.
  • Uber Eats: Global food delivery leader backed by Uber's mobility network; competes with Jahez where Uber operates and provides a benchmark for marketplace model at scale across geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Jahez International Company social profiles

Digital presence

Jahez International Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Jahez International Company leadership team

Management profile

Number of profiles

Profiles2 records

Jahez International Company subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Jahez International Company funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Jahez International Company M&A and investment

M&A and investment

M&A2 records

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jahez International Company

What does Jahez International Company do?

Jahez operates an online marketplace platform that connects individual consumers with a network of restaurant partners for on-demand food delivery. The mobile-first app and website allow users to browse restaurants, schedule delivery times, track orders and drivers in real time, and pay via multiple methods including Apple Pay, cash on delivery, and digital wallet. The company charges commissions of 15–35% to restaurant partners and delivery fees to consumers.

Is Jahez International Company a public or private company?

Jahez International Company is a public company. It is classified as public and is currently operating.

When was Jahez International Company founded?

Jahez International Company was founded in 2019. It employs 501 to 1,000 people.

Where is Jahez International Company based?

Jahez International Company is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Jahez International Company make money?

Two revenue lines are on record. Commission Fees from Restaurants are the primary driver. The others are delivery Fees.

Who are Jahez International Company's main competitors?

Direct peers on record are HungerStation, Careem, Mrsool, The Chefz and Snoonu. Regional players are Talabat and Wolt. noon Minutes is listed as an emerging player. Broad incumbents are Deliveroo and Uber Eats.

Does Jahez International Company have an API?

No public API is recorded for Jahez International Company.

What industry is Jahez International Company in?

Jahez International Company's product category is Online Food Delivery. Its primary akta.pro industry code is AFAIAMAA, Restaurant Meal Delivery Platforms & Aggregators, with a secondary code of BPAMAHAC, Grocery & Convenience Delivery Platforms. Its NAICS code is 722513 and its SIC code is 5810.

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Live signals
AInvestJahez: KSA delivery platforms recorded a net revenue of SAR 415.5 mln in Q2KSA delivery platforms recorded a net revenue of SAR 415.5 mln in Q2. The figure is reported for Jahez, a KSA delivery platform. No further details or context are provided.Gulf TimesQatar startup sector enters new phase of growth, says studyQatar's startup ecosystem value grew to $702mn from 2020-2024, per a joint IFC-USQBC study. Early-stage funding totaled $61mn, with fintech and AI absorbing over 70% of venture capital. The study outlines a roadmap to accelerate growth aligned with Qatar National Vision 2030.FwdstartTo understand Saudi quick commerce, look to IndiaSaudi quick commerce is in a shakeout with Nana, Careem, and Rabbit exiting, while Ninja pushes toward a Tadawul listing. The battle is between Amazon and Noon, not grocery specialists, mirroring India's Amazon-Flipkart war. India's precedent shows how giants treat fast grocery as a loss-leader.FwdstartDelivery Hero CEO to step down under activist pressure: what it means for talabat and HungerStationDelivery Hero confirmed co-founder Niklas Östberg will step down as CEO by March 31, 2027, after 15 years. Activist Aspex Management, which raised its stake to about 15%, is pushing for asset sales and a successor by year-end. The next CEO will inherit a strategic review amid regional competition.Biz BahrainBahrain’s Leading Organisations Unite in a Collective Tribute to the Kingdom’s Resilience and Frontline HeroesBahraini organisations Alba, GFH Bank, Jahez, NBB, Seef Properties, and stc released a musical tribute titled "Balad Al Salam" to honor frontline institutions. The song and video, produced by Atnafas Creative and Outlaw Productions, express gratitude to the Bahrain Defence Force, Ministry of Interior, National Guard, and Ministry of Health.FwdstartSaudi grocery delivery platform Nana enters financial reorganisation after raising over $200M from Kingdom Holding, STV and othersThe Commercial Court in Riyadh opened financial reorganisation proceedings for Nana, the Saudi grocery delivery platform, after it raised about $208 million across five rounds. Bankruptcy trustee Majed bin Munir Al-Nimr called on creditors to submit claims within 90 days. The company had delivered over 45 million orders across 13 cities.Investing.comSaudi Arabia shares lower at close of trade; Tadawul All Share down 0.21% By Investing.comSaudi Arabia's stock market declined by 0.21% on Sunday, with specific stocks experiencing gains and losses. Notable winners included Obeikan Glass Co, Alamar Foods CJSC, and Saudi Kayan Petrochemical Company, while The Saudi Investment Bank, Jahez International, and Rabigh Refining & Petrochemical experienced declines.Investing.comSaudi Arabia shares higher at close of trade; Tadawul All Share up 0.25% By Investing.comSaudi Arabia equities closed higher on Sunday, with the Tadawul All Share Index increasing by 0.25%. Major gainers included Zahrat Al Waha for Trading Co, Mediterranean&Gulf Insurance Co, and Jahez International Company, while some stocks like Abdullah Saad Mohammed Abo Moati Stationeries Co declined.PR NewswireSaudi Arabia Quick Commerce Market to Grow at 19.66% During 2026-32, Propelled by Expanding On-Demand Retail Ecosystem and Digital Infrastructure- MarkNtel AdvisorsSaudi Arabia's quick commerce market is projected to grow from USD 293 million in 2025 to USD 1029 million by 2032, a CAGR of 19.66%. Growth is driven by Vision 2030 infrastructure investments, high digital penetration, and initiatives like Jahez's autonomous delivery and Rabbit's dark store expansion.