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Thndr Claps » Saudi Claps » Entertainment 🎭 » Jahez to establish a company with Al Hilal Club ⚽

Jahez to establish a company with Al Hilal Club ⚽

by Shams Abbas
August 24, 2022
جاهز الدولية، الهلال، كلابس

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.

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