Jahez International Company for Information System Technology has completed the second and final phase of its acquisition of Qatar’s Snoonu Corporation Holding, increasing its ownership to 76.56%. The move strengthens Jahez’s regional footprint in technology and logistics as it continues expanding beyond its core Saudi market.
Strengthening Regional Presence
In a statement to Tadawul, Jahez confirmed the completion of the second phase through a subscription to 702,300 new shares, representing 1.56% of Snoonu’s capital. This phase was self-financed in cash, with no related parties involved. The ownership transfer and regulatory documentation were completed on October 23, 2025.
Following the transaction:
- Jahez now owns 76.56% of Snoonu’s total capital.
- Founder Hamad Al Hajri retains the remaining 23.44%.
- The financial impact of the deal will appear in Jahez’s 2025 financial results.
This acquisition forms a key part of Jahez’s strategy to expand its operations across the Gulf region. They will do so by integrating high-growth digital and logistics businesses.
Key Details of the Acquisition
According to earlier disclosures, Jahez signed a purchase and subscription agreement in July 2025 to acquire a 76.56% stake valued at $245 million (SAR 919 million). The transaction occured in two main phases:
- Phase 1: Completed earlier in October, involving the purchase of 7.9 million shares (a 75% stake). These came from existing shareholders for $225 million (SAR 844 million). They were settled through a combination of cash and Jahez shares.
- Phase 2: Included a subscription to 723,960 new shares issued by Snoonu (1.56% stake) for an additional $20 million (SAR 75 million), fully paid in cash.
This structure enables Jahez to maintain financial flexibility while ensuring control over Snoonu’s strategic direction.
About Snoonu
Founded in 2019 by Hamad Al Hajri, Snoonu is a Qatari technology and logistics company offering a fully integrated e-commerce and on-demand delivery platform. Its platform allows consumers to order food, groceries, and retail products, while also supporting third-party logistics solutions for startups and small to medium-sized enterprises (SMEs).
Snoonu’s rapid growth and strong local presence have positioned it as one of Qatar’s leading technology-driven logistics players. The company’s scalable business model and innovative delivery infrastructure align well with Jahez’s regional expansion and diversification plans.
A Strategic Step Forward
The acquisition of Snoonu underscores Jahez’s ambition to become a regional technology powerhouse. By combining Snoonu’s operational strength in Qatar with Jahez’s digital infrastructure and customer base in Saudi Arabia, the company aims to:
- Enhance its cross-border logistics capabilities.
- Expand its digital commerce ecosystem.
- Leverage technology to drive operational efficiency and profitability across markets.
With both companies sharing a vision for innovation and customer-centric growth, the acquisition sets the stage for a new phase of digital expansion in the Gulf region.