Given in the table below are the names of each affiliate company, its capital, the Company’s ownership percentage, main scope of business, country of operation and country of incorporation.
Affiliate name | Capital | Company’s ownership percentage |
Main scope of business | Country of operation | Country of incorporation |
PIK Option Trading Company | SAR 1,000,000 | 100.00% | Providing marketing services on behalf of other affiliates | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Joint Preparation Company for Meals (Co Kitchen) | SAR 25,000 | 60.00 % | Accommodation and food service activities (restaurant activities and mobile food service/event catering activities) | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Supportive Solutions Company for Logistic Services (Logi) | SAR 1,000,000 | 100.00% |
|
Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
The Red Color Company (Red Color) | SAR 10,000 | 100.00% | Investment activities for each respective unit’s own account, including venture capital firms and investment clubs | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
The BLU Store | SAR 500,000 | 51.00 % | Selling and marketing sports products with different brands and providing online services | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
Jahez International Company W.L.L | BHD 50,000 | 100.00% |
|
Kingdom of Bahrain | Kingdom of Bahrain |
Jahez International Company W.L.L | KD 100,000 | 100.00% |
|
Kuwait | Kuwait |
Marn Business Information Technology Company | SAR 1,000,000 | 100.00 % | Software wholesales including importing and Hardware & Software Retail sales. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
No convertible debt instruments, contractual securities, memoranda of subscription rights or rights were issued or granted by any of the affiliated companies during the fiscal year 2022.