Logo ofJahez International Company for Information System Technology
Jahez International Company for Information System Technology completed the second phase oof its purchase and subscription transaction to acquire a total stake of 76.56% in Snoonu Corporation Holding. 
In a statement to Tadawul, Jahez said the second phase was finalized through a subscription to 702,300 shares, representing 1.56% of Snoonu’s capital.
As a result, Jahez now holds 76.56% of the company’s total capital, while Snoonu’s founder, Hamad Al Hajri, retains the remaining 23.44%.
The company noted that the second phase of the transaction was financed in cash from its own resources.
There are no related parties to the deal, the statement added.
It also stated that the ownership transfer and regulatory documentation were completed on Oct. 23.
The financial impact of the transaction will be reflected in Jahez’s 2025 financial statements.
According to data available with Argaam, Jahez completed the first phase of Snoonu’s acquisition earlier in October, which involved the purchase of 7.9 million shares (a 75% stake).
Jahez signed a purchase and subscription agreement in July to acquire a 76.56% stake in Snoonu, valued at approximately $245 million (SAR 919 million).
Under the terms of the agreement, Jahez was to purchase 8.14 million existing shares in Snoonu (a 75% stake) from current shareholders for $225 million (SAR 844 million), to be settled through a mix of cash and Jahez shares.
Additionally, the company would subscribe to 723,960 new shares to be issued by Snoonu (a 1.56% stake) for an additional cash consideration of $20 million (SAR 75 million).
Snoonu is a Qatari company operating in the technology and logistics sectors. Founded in 2019 by Hamad Al Hajri, the company runs an integrated e-commerce and on-demand delivery platform that enables consumers to order food, groceries, and retail products. It also provides third-party logistics solutions to meet the needs of startups and small and medium-sized enterprises (SMEs).
Logo ofJahez International Company for Information System Technology
Jahez International Company for Information System Technology completed the second phase oof its purchase and subscription transaction to acquire a total stake of 76.56% in Snoonu Corporation Holding.
In a statement to Tadawul, Jahez said the second phase was finalized through a subscription to 702,300 shares, representing 1.56% of Snoonu’s capital.
As a result, Jahez now holds 76.56% of the company’s total capital, while Snoonu’s founder, Hamad Al Hajri, retains the remaining 23.44%.
The company noted that the second phase of the transaction was financed in cash from its own resources.
There are no related parties to the deal, the statement added.
It also stated that the ownership transfer and regulatory documentation were completed on Oct. 23.
The financial impact of the transaction will be reflected in Jahez’s 2025 financial statements.
According to data available with Argaam, Jahez completed the first phase of Snoonu’s acquisition earlier in October, which involved the purchase of 7.9 million shares (a 75% stake).
Jahez signed a purchase and subscription agreement in July to acquire a 76.56% stake in Snoonu, valued at approximately $245 million (SAR 919 million).
Under the terms of the agreement, Jahez was to purchase 8.14 million existing shares in Snoonu (a 75% stake) from current shareholders for $225 million (SAR 844 million), to be settled through a mix of cash and Jahez shares.
Additionally, the company would subscribe to 723,960 new shares to be issued by Snoonu (a 1.56% stake) for an additional cash consideration of $20 million (SAR 75 million).
Snoonu is a Qatari company operating in the technology and logistics sectors. Founded in 2019 by Hamad Al Hajri, the company runs an integrated e-commerce and on-demand delivery platform that enables consumers to order food, groceries, and retail products. It also provides third-party logistics solutions to meet the needs of startups and small and medium-sized enterprises (SMEs).
