~$173M

Riyadh-based food delivery service Jahez plans to acquire local rival The Chefz for ~$173M in cash and stock after Saudi Arabia blocked Delivery Hero's takeover

Saudi Arabian food delivery service Jahez agrees to acquire local rival The Chefz for ~$173M in a cash and stock deal

Saudi food delivery firm Jahez agreed to acquire The Chefz in a cash and stock deal, almost a year after Delivery Hero SE's attempt to buy the firm was thwarted by the local competition watchdog.