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In the table below are the names of each affiliate company, its capital, the Company’s ownership percentage, main scope of business, country of operation and country of incorporation.
Affiliate | Capital | Company’s ownership percentage |
Main scope of business |
Country of operation |
Country of incorporation |
Joint Preparation Company for Meals | SAR 25,000 | 60.00 % | Accommodation and food service activities (restaurant activities and mobile food service/event catering activities) | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
PIK Option Trading Company | SAR 1,000,000 | 100.00% | Providing marketing services on behalf of other affiliates | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Supportive Solutions Company for Logistic Services | SAR 1,000,000 | 100.00% |
|
Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
The Red Color Company | SAR 10,000 | 100.00% | Investment activities for the own account of the respective units, including venture capital firms and investment clubs | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Jahez International Company | BHD 50,000 | 100.00% |
|
Kingdom of Bahrain | Kingdom of Bahrain |
Jahez International Company for Wholesales and Retail Trading | KD 100,000 | 100.00% |
|
Kuwait | Kuwait |
BLU Store Company | SAR 500,000 | 51.00 % | Selling and marketing sports products with different brands and provide online services | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Marn Business Information Technology Company | SAR 1,000,000 | 100.00% | Software wholesales including importing and Hardware and Software Retail sales. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Jahez for Information Technology |
EGP 10,000 | 100% | Jahez International for Information Systems Technology is engaged in software development, database management, and application design. |
Egypt | Egypt |
Jahez International Company for Information Systems Technology | QAR 500,000 | 100% | Jahez International Company for Information Systems Technology activities include online commerce and delivery of consumer goods. | Qatar | Qatar |
SOL Company for Trading | SAR 100,000 | 35% | In a decentralized universe between restaurants and their suppliers, centralizing the procurement experience by bringing an end-to-end digital experience including delivery and storage | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
No convertible debt instruments, contractual securities, memoranda of subscription rights or rights were issued or granted by any of the affiliated companies during the fiscal year 2023.