{"id":21,"date":"2025-01-09T06:55:58","date_gmt":"2025-01-09T06:55:58","guid":{"rendered":"https:\/\/supplychain-middleeast.com\/index.php\/2025\/01\/09\/the-secret-ingredient-top-chefs-swear-by\/"},"modified":"2025-07-17T08:26:03","modified_gmt":"2025-07-17T08:26:03","slug":"the-secret-ingredient-top-chefs-swear-by","status":"publish","type":"post","link":"https:\/\/supplychain-middleeast.com\/index.php\/2025\/01\/09\/the-secret-ingredient-top-chefs-swear-by\/","title":{"rendered":"Jahez enters Qatari market with $245m acquisition of delivery app Snoonu"},"content":{"rendered":"\t\t
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Saudi-listed Jahez has acquired a 76% stake in Snoonu, Qatar’s fast-growing super-app, in a deal valuing the company at $320 million<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Saudi-listed on-demand\u00a0delivery<\/a>\u00a0platform\u00a0Jahez<\/a>\u00a0has signed a definitive SPSA to acquire a controlling stake in Qatar\u2019s\u00a0Snoonu<\/a>, marking its first entry into the Qatari market. Completion is expected in the second half of 2025, subject to regulatory and shareholder approvals.<\/p>\n

The $245 million deal comprises $225 million for an existing 75% share of Snoonu and a further $20 million capital injection in exchange for a newly issued 1.56% stake, bringing Jahez\u2019s total stake to 76%.<\/p>\n

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Snoonu\u2019s performance and leadership<\/h2>\n

The transaction places a valuation on Snoonu of approximately $320 million, making it the first Qatari startup to surpass the one billion-riyal mark.\u00a0<\/p>\n

Snoonu, founded in 2019, has rapidly evolved into a multi-vertical super-app offering food, grocery, e-commerce, and third-party logistics services.<\/p>\n

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Under the terms of the agreement, founder and CEO\u00a0Hamad Al Hajri<\/a>\u00a0will retain 24% of shares and continue to lead the company.<\/p>\n

A new four-member board will be formed, with three representatives from Jahez and one from Al Hajri.<\/p>\n

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Strategic expansion into Qatar<\/h2>\n

For Jahez, the acquisition represents a significant step in its GCC expansion strategy.<\/p>\n

The company is active in Saudi Arabia, Bahrain, and Kuwait, and the addition of Snoonu strengthens its position across the region.<\/p>\n

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Jahez plans to integrate Snoonu\u2019s platform with its existing infrastructure to unlock operational and technological synergies.<\/p>\n

The deal will be financed through a combination of existing cash reserves, bank facilities, and treasury shares.<\/p>\n

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Jahez and Snoonu plan to maintain Snoonu\u2019s Qatari identity while accelerating innovation and expansion. The acquisition not only enhances Jahez\u2019s footprint but also positions Snoonu to scale further as a regional digital powerhouse.<\/p>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Saudi-listed Jahez has acquired a 76% stake in Snoonu, Qatar’s fast-growing super-app, in a deal valuing the company at $320 million Saudi-listed on-demand\u00a0delivery\u00a0platform\u00a0Jahez\u00a0has signed a definitive SPSA to acquire a controlling stake in Qatar\u2019s\u00a0Snoonu, marking its first entry into the Qatari market. Completion is expected in the second half of 2025, subject to regulatory and […]<\/p>\n","protected":false},"author":1,"featured_media":391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[20],"class_list":["post-21","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics-middle-east","tag-popular"],"_links":{"self":[{"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":4,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"predecessor-version":[{"id":396,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/posts\/21\/revisions\/396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/media\/391"}],"wp:attachment":[{"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/supplychain-middleeast.com\/index.php\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}