{"id":89436,"date":"2025-10-08T00:00:00","date_gmt":"2025-10-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/10\/08\/ksas-jahez-finalizes-75-acquisition-of-e-commerce-outfit-snoonu\/"},"modified":"2025-10-08T00:00:00","modified_gmt":"2025-10-08T00:00:00","slug":"ksas-jahez-finalizes-75-acquisition-of-e-commerce-outfit-snoonu","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/10\/08\/ksas-jahez-finalizes-75-acquisition-of-e-commerce-outfit-snoonu\/","title":{"rendered":"KSA\u2019s Jahez finalizes 75% acquisition of e-commerce outfit Snoonu"},"content":{"rendered":"

Tadawul-listed delivery app <\/strong>Jahez<\/a><\/strong>completed the first phase of its <\/strong>acquisition <\/strong>of Qatar-based e-commerce <\/strong>Snoonu<\/a><\/strong>, purchasing a 75% stake, or about 7.9 mn shares, it said in a disclosure to Tadawul<\/a> yesterday. Jahez will later subscribe to an additional 1.6% stake, bringing its total ownership to 76.6%, while Snoonu founder Hamad Mubarak Al Hajri will retain 23.4%.<\/p>\n

Playing with paper: <\/strong>Under the agreement, Jahez would pay SAR 802 mn (USD 214 mn) in banknotes to buy a 75% stake from Snoonu\u2019s current shareholders. It will also issue 1.54 mn treasury shares (0.73% of its share capital) to the Snoonu founder and CEO Hamad Mubarak Al Hajri, and funnel another SAR 75 mn (USD 20 mn) into the company in exchange for a newly-issued 1.56% stake. <\/p>\n

In the works for a while: <\/strong>Jahez inked a binding agreement in July<\/a> to acquire a 76.6% stake in Snoonu in a SAR 919 mn (USD 245 mn) transaction. <\/p>\n

About Snoonu:<\/strong> Founded in 2019, Qatar-based Snoonu runs an e-commerce and on-demand delivery platform serving food, grocery, retail, and courier customers. The firm\u2019s revenues more than tripled over the past two years to USD 138 mn in 2024, with net income rising to USD 7.3 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jahez will be fronting SAR 802 mn, while the Snoonu\u2019s founder Hamad Mubarak Al Hajri will retain a 23.4% stake<\/p>\n","protected":false},"author":1,"featured_media":89437,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[162,203,137,153,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-e-commerce","tag-last-mile-delivery","tag-ma-watch","tag-qatar","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"ef3d8615-1cef-421a-9a55-440c890ea80a","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/647.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KSA\u2019s Jahez finalizes acquisition of e-commerce outfit Snoonu","related_issue":[89431],"teaser":"Jahez will be fronting SAR 802 mn, while the Snoonu\u2019s founder Hamad Mubarak Al Hajri will retain a 23.4% stake","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.bde531b4-cfec-4d4d-b1fd-8c7f66365435.mp3"},"yoast_head":"\nKSA\u2019s Jahez finalizes 75% acquisition of e-commerce outfit Snoonu - 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