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EgyptSaudi-Based Ninja Express Delivery Eyes $1 Billion Investment, Gears Up for 2027 IPO
3 min
Ninja aims to raise over $1 billion in fresh funding, led by Riyad Capital.
The investment would position it as one of the Middle East’s most valuable logistics startups.
The company has ambitious plans for an IPO in 2027, subject to market conditions.
Ninja has expanded operations across Saudi Arabia, Bahrain, Qatar, and Kuwait.
Riyad Capital’s backing aligns with Saudi Arabia’s Vision 2030 push for a digital economy.
Saudi-based express delivery company Ninja is in the final stages of securing over $1 billion in fresh investment, a move that could solidify its position as a dominant player in the Middle East’s logistics sector. The funding round, spearheaded by Riyad Capital, reflects the growing investor appetite for tech-driven delivery solutions in the Gulf region.
Sources familiar with the matter indicate that negotiations are nearing completion, with the deal expected to close later this month. While the exact valuation and investment terms remain undisclosed, securing such a substantial sum would make Ninja one of the most valuable logistics startups in the region. Both Ninja and Riyad Capital have declined to comment on the ongoing discussions.
Aiming for a 2027 IPO Amid Booming Investor Interest
Beyond raising capital, Ninja is setting its sights on a stock market debut, planning an IPO by 2027. The final valuation and listing timeline will depend on broader market conditions and strategic business decisions.
The Saudi stock market has seen an influx of tech firms going public, with companies like buy-now-pay-later provider Tabby gearing up for an IPO and IT firm Ejada Systems preparing for a $1.5 billion listing. Ninja’s decision to pursue an IPO aligns with this growing trend and could attract further institutional investments in Saudi Arabia’s logistics and e-commerce sectors.
Regional Expansion and Market Leadership
Since its inception, Ninja has rapidly expanded its presence across Saudi Arabia, Bahrain, Qatar, and Kuwait, positioning itself as a key player in the express delivery space. The company specializes in on-demand delivery services, catering to a wide range of industries, including:
- E-commerce – Partnering with online retailers for last-mile delivery solutions.
- Groceries & Retail – Providing fast delivery for supermarkets and convenience stores.
- Pet Supplies & Specialty Goods – Ensuring efficient transport of niche products.
With a strong focus on operational efficiency and advanced logistics technology, Ninja continues to build a reputation for reliable and speedy delivery services.
Riyad Capital’s Investment in Saudi Tech Growth
As one of Saudi Arabia’s leading investment firms, Riyad Capital has been actively backing emerging tech startups, reinforcing the Kingdom’s push toward digital transformation. The firm has previously invested in high-profile startups such as Foodics, Sure Global Tech, and Unifonic.
In 2016, Riyad Capital launched the Riyad Tech Fund, one of Saudi Arabia’s earliest venture capital funds focused on fostering innovation in technology and logistics. Its involvement in Ninja underscores its long-term commitment to supporting companies that drive economic diversification in line with Saudi Vision 2030.
What’s Next for Ninja?
With a billion-dollar funding round in the pipeline and an IPO on the horizon, Ninja is poised for rapid expansion. The company plans to further develop its logistics capabilities, enhance customer experience, and strengthen its footprint in the region’s competitive express delivery sector.
As Saudi Arabia’s tech ecosystem continues to thrive, Ninja’s growth serves as a testament to the rising demand for efficient, technology-driven logistics solutions. Investors and industry experts will be closely watching how the company navigates the next phase of its journey toward a public listing.
