Riyadh - Sharikat Mubasher: Jahez International Company, the online food delivery platform, concluded a deal to invest in the Riyadh-headquartered startup, Sol, and acquire a 35% stake in it, the company announced in a statement.

Jahez did not reveal the value of the deal, however, it stated that this investment came as part of its strategy to scale its services and facilitate the logistics processes in the region.

Ghassab Mandeel, CEO of Jahez International Company, stated that the restaurants and cafés sector has plenty of opportunities to grow and reach a wider category of customers through facilitating the technical and logistics processes.

Mandeel added that Jahez aims to share its expertise through investing in startups, such as Sol, to expand its business and serve more customers.

Sol was launched in 2021 to be a leader in the food and beverages sector, fulfilling the sector’s needs for food and non-food products through its platform that includes more than 2,500 items across more than 100 suppliers under the management of a specialized team that oversees quality, storage, and delivery.

Meanwhile, Jahez is a Saudi company that aims to unite stakeholders from restaurants, logistic fleets, and customers’ meal orders into Jahez Mobile Application.