The Clap Jahez for Information Systems Technology (9526) announced the establishment of the “Blu Store” company. Blu Store is an e-commerce application, in cooperation with the “Al Hilal Investment Club” company.
The Deets Blu Store will have a paid capital of 500,000 riyals, 51% financed by Jahez, & 49% by Al Hilal. Jahez has financed its share in the capital from its own sources.
The New Company Blu Store will display, market and sell products, & is expected to launch after obtaining the necessary approvals and licenses.
Why this Matters It is expected that Blu Store’s operations will positively affect Jahez’s financial results in the future.