Jahez
A Saudi food and grocery delivery app that connects customers with restaurants and stores through its own delivery fleet.
Jahez is a Saudi food delivery platform that launched in Riyadh in 2016. It was listed on the Nomu parallel market in January 2022 at a market value of about $2.4 billion, and its market value is about $0.6 billion as of October 2026.
Listed on the main market of Tadawul (ticker 6017) since December 2024, after listing on the Nomu parallel market in January 2022
What does Jahez do?
Jahez launched in Riyadh in 2016 as a division inside Alamat Al Alamiya, led by its founder Ghassab Al-Mandeel, and the platform became an independent company in 2017. It raised a single venture round in 2020, led by Impact46, and it was profitable before its listing on Nomu in 2022 and its move to the main market in 2024. It expanded to Bahrain and Kuwait and acquired a majority of Qatar's Snoonu, then posted a loss in the first half of 2026 as competition intensified.
Products
An app for ordering food, groceries and store products, with delivery by independent couriers.
An app for merchants to receive and manage orders.
A cloud POS system for restaurants and retail, which the group acquired in 2023.
A delivery platform in Qatar. Jahez acquired 76.56% of it in 2025, and it became its main international platform.
Key features
- Food, grocery and store product delivery
- Its own delivery fleet through its logistics arm Logi
- Operates in Saudi Arabia, Bahrain, Kuwait and Qatar
- A POS system for restaurants (Marn)
- A company listed on the Saudi stock market
- Jahez started in 2016 as a division inside Alamat Al Alamiya, and the platform was then moved to an independent company in 2017
- It was a unicorn at listing (about $2.4 billion), and its market value is now about $0.6 billion, so it is no longer a unicorn by market value
- Hasana Investment Company was a cornerstone investor in the offering, with 4.99%
- Alamat Al Alamiya, the largest shareholder, was owned at the time of the offering 60% by Tharwa Holding, which is affiliated with Prince Mishaal bin Sultan, the chairman, and 20% each by Ghassab Al-Mandeel and Hamad Albakr
- It posted a net loss in the first half of 2026 after years of profits, as competitors such as Meituan's Keeta entered the market
The documentary
Funding rounds
Key investors
Founders
Common questions about Jahez
When was Jahez founded?
It launched in Riyadh in 2016 inside Alamat Al Alamiya.
Who founded Jahez?
Ghassab Al-Mandeel, the founder and CEO, a computer science graduate of King Saud University.
When was Jahez listed on the stock market?
On January 5, 2022 on the Nomu parallel market at an offer price of SAR 850 per share, then it moved to the main market on December 10, 2024.
Is Jahez a unicorn?
Its market value was about $2.4 billion at listing and is about $0.6 billion in October 2026, so it is a former unicorn.