Riyadh - Sharikat Mubasher: Jahez Group, a leading Saudi provider of on-demand services, successfully secured SAR 150 million Shariah-compliant credit facilities from the National Bank of Bahrain.
Jahez will utilize the eight-year facilities to finance capital expenditure for its headquarters, the company announced in a bourse filing today.
The delivery platform is making steady moves to expand its business in Saudi Arabia and the wider GCC region. In July, it acquired a majority stake in Qatar-based Snoonu Corporation Holding and launched the first fully autonomous delivery service in Saudi Arabia, in partnership with ROSHN.
Jahez leverages cutting-edge technologies and entrepreneurial expertise to cater to the rapidly expanding user base with products and services that span dining, fashion, sports, and entertainment.
