Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) has signed a deal on Monday, 15 June, to acquire 80% of Fish Day Company, owner and operator of Fish Day application specialised in the digital marketing of fresh fish products.

The acquisition value amounts to SAR 1 million, part of which will be invested in marketing and operations development, according to a stock exchange statement on Tuesday.

The acquisition, which expands the company's activity in the e-commerce sector, captures Jazadco’s new vision to activate modern technologies and innovative marketing to achieve fast-paced development and growth while offering a unique buying experience to customers.

During the first quarter (Q1) of 202, Jazadco reported a net profit of SAR 523,609 0, against a loss of SAR 5.23 million in the same period last year.