Locate App, a delivery platform specializing in restaurant, retail, and supermarket orders in the Eastern Province, has announced its intention to go public on the Saudi stock market.
This move is part of a strategic plan aimed at expanding its investor base, strengthening its logistical and technological capabilities, and extending its reach across different regions of the Kingdom.
Since the merger of Shukah and Maeda in 2021, Locate App has successfully integrated its technological and logistical resources, leading to the development of a comprehensive platform that offers highly efficient delivery services.
This merger has improved the company’s digital infrastructure and expanded its service coverage within Saudi Arabia, particularly in the Eastern Province.
The IPO aims to enhance financial capabilities, invest in research and development, and introduce innovative technological solutions, while also facilitating expansion into new cities and targeting different market sectors.
Locate App operates with a flexible infrastructure and an efficient distribution network, achieving rapid growth in the Saudi delivery market since its inception.
