Jahez announces an important step to invest in 35% of the emerging “Sol” shares
International Information Technology Company, JAHEZ, has announced its investment in the emerging company, Sol, acquiring a 35% stake in the company, without disclosing the financial value of the deal.
Sol, launched in 2021, provides a wholesale platform for restaurants, cafes, and catering companies, allowing customers to order various essential items and facilitating prompt delivery.
According to JAHEZ, this investment aims to achieve targeted objectives in the region by enhancing services for its partners and streamlining logistical operations.
The goal is to create comprehensive technical integration, starting from ordering basic goods and food products with the option of deferred payment, all the way to delivering orders to customers through the JAHIZ application.
Commenting on the deal, JAHEZ CEO, Ghassab Al-Mandil, stated that there are abundant opportunities in the restaurant and café sector to serve owners, facilitate logistical operations, and utilize technology to aid in their growth and expansion to reach a broader customer base.
He added that the company is keen on sharing its expertise in the sector by investing in innovative companies like Sol to broaden its services and cater to a larger segment of the restaurant and café market.
