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Saudi Arabia's online grocery market is poised for growth as Egypt-born quick commerce startup Rabbit expands into the Kingdom, aiming for 20 million deliveries by 2026. With online grocery transactions currently at just 1.3%, Rabbit's entry aligns with Saudi Vision 2030, focusing on digital transformation and local empowerment. The company plans to leverage its tech-driven model to tap into the $60 billion food and grocery market, enhancing the shopping experience for Saudi consumers.
Alareeb Holding Company has acquired an 80% stake in Future Integrated Management (FIM), a firm specializing in administrative solutions and consulting services, in a strategic move to enhance its presence in the services sector. The acquisition, announced in Riyadh, aims to improve corporate efficiency and support developmental goals, as stated by Alareeb's Chairman, Ahmed Obaid. FIM's CEO, Musaad Al-Tamami, expressed optimism about the partnership, highlighting the potential for expanded services and enhanced institutional performance.
Ahmed Obaid
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emerging e commerce platforms reshape retail landscape in mena region
11:53 09.04.2025
Alareeb Holding acquires majority stake in Future Integrated Management
05:12 07.04.2025
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