Saudi’s Jahez Secures $40 Million Shariah-Compliant Facility
This move follows Jahez’s recent $245 million acquisition of a 76.56% stake in Qatar’s delivery platform Snoonu,
Jahez International Company, the Saudi-based on-demand delivery platform, has secured a Shariah-compliant credit facility worth $40 million (SR 150 million) from the National Bank of Bahrain. The eight-year facility will be used to finance the company’s new headquarters.
The funding comes as Jahez reports a 22% year-on-year net profit drop in Q2 2025, with earnings falling to $6.29 million compared to $8.05 million the previous year, due to lower adjusted EBITDA and higher depreciation costs.
This move follows Jahez’s recent $245 million acquisition of a 76.56% stake in Qatar’s delivery platform Snoonu, signalling a broader strategy to strengthen its footprint across the GCC.
With the new facility, Jahez aims to continue scaling its delivery, cloud kitchen, Q-commerce and logistics operations.
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