The Saudi Food Delivery Company is ready to appoint HSBC Saudi Arabia HSBC Holdings PLC to manage the launch of the first emerging technology company in the Kingdom for public subscription.
According to Arab Net Ready International Information Technology Company HSBC Saudi Arabia as a single and universal financial consultant for a potential public offering in the growth market, a small business market, which imposes the requirements for inserting lighter to encourage small businesses and emerging companies.
The company, founded in 2016, serves about two million customers in the Kingdom and carried out about 20 million demands by applying in 2020, without detecting details on its potential assessment. As a funding round of $ 36.5 million was closed last year, said Bloomberg and was briefed in Arabic.
The chief executive president said: We will continue to expand our platform to take advantage of new growth opportunities provided by technology-backed changes in consumer behavior, in both Saudi Arabia and the broader region.
It is ready, is the largest local player in the food delivery market in the Kingdom and compete with Karim Nao, Opera, Dillever Hero, and requests, and also ready in other areas such as logistics and cloud kitchens.
This comes as consumer spending in Saudi Arabia shows a marked improvement, as the non-oil economy revealed in the first quarter to pre-epidemic levels following the recession.
He said ready to improve the Saudi economy and what resulted in an increase in employment and disposable income, further spending on food and e-commerce will be seen.
