Ninja Expands Nationwide and Moves Toward an Official Market Listing

Saud Alqahtani, Founder of Ninja, confirmed that the company is moving toward a potential listing on the Saudi Stock Exchange (Tadawul) in the coming period, following a well-defined strategic roadmap aligned with market requirements and investor expectations, according to Al-Eqtisadiah.

Al-Qahtani highlighted that Ninja now covers the majority of urban areas across Saudi Arabia, reaching most of the population through a data-driven and carefully planned expansion strategy. He emphasized that the company currently holds the largest market share in the digital grocery sector in terms of user adoption and service reach.

He added that Ninja is generating operational profits across several verticals, while continuing to expand into new domains and enhance its business model through advanced data analytics and performance insights. The company initially launched in the grocery segment, with a strong focus on ultra-fast delivery, supported by an integrated infrastructure of smart warehouses and satellite stores.

Al-Qahtani also noted that Ninja approaches the digital retail market as a whole, rather than merely positioning itself as a delivery service. The company is gearing up to broaden its offering by adding pharmacies and beauty products to its service portfolio.

Ninja recently raised $250 million in its latest funding round, aiming to strengthen its technological operations, scale its geographical footprint, and enter additional high-growth sectors.