<ul><li>Urban Company has partnered with SMASCO to establish a joint venture called Waed Khadmat Al-Munzal for Marketing Co. to launch a new home services platform in Saudi Arabia.</li><li>The JV aims to enhance the domestic service landscape in Saudi Arabia by combining Urban Company's technology expertise with SMASCO's manpower resources.</li><li>SMASCO is a technology marketplace for home services, offering over 765 professional services in more than 55 cities and provinces.</li><li>Urban Company recently reported a 70% reduction in losses in FY24 and secured funding from Prosus and Dharana Capital.</li></ul>

Urban Company Forms JV To Fuel Saudi’s Home Service Business

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