Logo of Jahez International Company for Information System Technology
Jahez International Company for Information System Technology completed the first phase of the transaction to acquire 7.9 million shares of Snoonu Corporation Holding LLC, representing 75% of the company’s share capital. 
In a statement to Tadawul, the company said that the transaction’s consideration has been funded part in cash through Jahez’s own resources; and shares through existing treasury share held by Jahez.
Following the completion of the Transaction, Jahez will subscribe to 702,338 shares representing 1.56% of Snoonu’s capital, and the market will be notified accordingly. Following the completion of the transaction, Jahez’s overall ownership stake will reach 76.56% of Snoonu’s share capital, while the founder Hamad Mubarak Al Hajri will retain the remaining 23.44%.
The transaction does not involve related parties, the company noted.
Jahez also indicated that the financial impact of the transaction will be reflected in its financial statements for FY ending on Dec. 31 2025.
According to Argaam data, Jahez signed a share purchase and subscription agreement (SPSA) on July 9 to acquire a 76.56% stake in Snoonu for $245 million (SAR 919 million).
Under the agreement, Jahez will acquire 8.14 million shares, representing 75% of Snoonu’s share capital, from existing shareholders for $225 million (SAR 844 million), funded through a combination of cash and Jahez treasury shares. Additionally, Jahez will subscribe to 723,960 newly issued shares in Snoonu, representing a further 1.56% stake, for an additional $20 million (SAR 75 million) in cash.
In addition to the $225 million purchase price, Jahez will pay $214 million (SAR 802 million) in cash to Snoonu’s current shareholders and transfer 1.54 million of its treasury shares, representing 0.73% of its share capital, to Al-Hajri. The remaining $20 million (SAR 75 million) will be injected into Snoonu as part of the subscription for the new shares.
Snoonu, founded in 2019 by Al-Hajri, is a Qatar-based technology and logistics company operating an integrated e-commerce and on-demand delivery platform. The company enables consumers to order food, groceries, and retail products, and offers third-party logistics solutions tailored to startups and SMEs.
Logo of Jahez International Company for Information System Technology
Jahez International Company for Information System Technology completed the first phase of the transaction to acquire 7.9 million shares of Snoonu Corporation Holding LLC, representing 75% of the company’s share capital.
In a statement to Tadawul, the company said that the transaction’s consideration has been funded part in cash through Jahez’s own resources; and shares through existing treasury share held by Jahez.
Following the completion of the Transaction, Jahez will subscribe to 702,338 shares representing 1.56% of Snoonu’s capital, and the market will be notified accordingly. Following the completion of the transaction, Jahez’s overall ownership stake will reach 76.56% of Snoonu’s share capital, while the founder Hamad Mubarak Al Hajri will retain the remaining 23.44%.
The transaction does not involve related parties, the company noted.
Jahez also indicated that the financial impact of the transaction will be reflected in its financial statements for FY ending on Dec. 31 2025.
According to Argaam data, Jahez signed a share purchase and subscription agreement (SPSA) on July 9 to acquire a 76.56% stake in Snoonu for $245 million (SAR 919 million).
Under the agreement, Jahez will acquire 8.14 million shares, representing 75% of Snoonu’s share capital, from existing shareholders for $225 million (SAR 844 million), funded through a combination of cash and Jahez treasury shares. Additionally, Jahez will subscribe to 723,960 newly issued shares in Snoonu, representing a further 1.56% stake, for an additional $20 million (SAR 75 million) in cash.
In addition to the $225 million purchase price, Jahez will pay $214 million (SAR 802 million) in cash to Snoonu’s current shareholders and transfer 1.54 million of its treasury shares, representing 0.73% of its share capital, to Al-Hajri. The remaining $20 million (SAR 75 million) will be injected into Snoonu as part of the subscription for the new shares.
Snoonu, founded in 2019 by Al-Hajri, is a Qatar-based technology and logistics company operating an integrated e-commerce and on-demand delivery platform. The company enables consumers to order food, groceries, and retail products, and offers third-party logistics solutions tailored to startups and SMEs.
