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RIYADH: Saudi-based online food delivery platform Jahez International Co. for Information Systems Technology has worked with AlHilal Club Investment Co. to establish a limited liability company that will sell and market products from different brands and offer online services.
Under the name of BLU Store, the company was formed with a capital of SR500,000 ($133,133), with 51 percent held by Jahez and 49 percent held by AlHilal, according to a bourse filing
There is no financial impact at present, but the new company's activities are expected to have a positive impact in the future on Jahez's financial results.