“Jahez International” invests $50 million in 15 companies

Prince Mishaal bin Sultan bin Abdulaziz Al Saud, Chairman of the Board of Directors of Jahez International for Information Systems Technology, said that Jahez’s bold investment portfolio is about $50 million invested in more than 15 companies, indicating that this comes from the belief in the potential of Saudi youth and their ability to lead these companies to become global unicorn companies.

He added during his participation in the Misk Forum today, Monday, that the Saudization rate in “Jahez” exceeds 90%, which reflects the company’s commitment to supporting national competencies.

Prince Mishaal spoke about the challenges faced by the company, such as managing and coordinating operations between more than 5,000 representatives in various cities of the Kingdom, noting that success in overcoming these challenges required high dynamism and integration between the efforts of the public and private sectors, which enabled “Jahez” to achieve its goals.

He stressed that the company’s vision goes beyond providing logistics services, as it seeks to provide integrated technical and investment solutions inspired by the Kingdom’s Vision 2030. Prince Mishaal explained that the current focus is on key areas such as e-commerce, supply chain management, and investments in promising technology sectors, noting that cooperation between the public and private sectors was key to overcoming many obstacles. He also announced the good news of the company’s portal moving to the Capital Market Authority, which is a new step towards achieving more ambitions and strengthening the Saudi economy. The prince shared advice derived from the “Jahez” experience, stressing that growth and business success must be in line with the Kingdom’s vision and market requirements. He called on entrepreneurs to accurately understand market requirements, work on developing effective business models that are compatible with current and future market needs, and organize internal operations through corporate governance in a way that ensures sustainability and growth. He also urged Saudi entrepreneurs to move beyond the idea of ​​selling their companies early or waiting for major companies to acquire them, and called on them to think about growth and expansion so that they can lead the market themselves. In response to young people’s questions about how to build successful companies, the prince pointed out that the success of startups depends on several factors, including self-confidence and team confidence, as integration and understanding between team members are essential, in addition to the fact that leadership is not an option but a responsibility that requires continuous learning and acceptance of new ideas. He also stressed the importance of seeking advice and benefiting from the experiences of others, noting that this step is essential for any successful leader. In conclusion, Prince Mishaal stressed that the Kingdom needs Saudi companies that grow locally and reach the regional and global levels, stressing that ambitious Saudi youth and innovative ideas are the key to achieving this ambition, in line with the Kingdom’s Vision 2030.