Jahez to acquire majority stake in Qatar’s Snoonu for US$245M, expanding regional delivery footprint

QATAR – Saudi Arabia’s Jahez has made a bold move into the Qatari market with a US$245 million deal to acquire a 76.56% stake in Snoonu, one of Qatar’s fastest-growing delivery platforms.

This acquisition marks a significant cross-border expansion in the Gulf’s digital delivery sector, positioning Jahez for accelerated regional growth and diversification.

The deal reflects the increasing trend of consolidation in the Middle East’s rapidly evolving on-demand economy, where companies seek to strengthen their market presence and broaden service offerings.

Under the agreement, Jahez will purchase 8,144,546 shares, representing 75% of Snoonu’s share capital, from existing shareholders for US$225 million.

The payment will be made through a combination of cash and Jahez shares, balancing immediate integration with long-term partnership goals.

The remaining 1.56% stake will be acquired through separate arrangements, completing Jahez’s majority ownership and giving it controlling interest in the Qatari platform.

This strategic stake acquisition will enable Jahez to influence Snoonu’s operational direction and accelerate its growth plans.

Founded in 2019, Snoonu has quickly become a versatile multi-vertical delivery platform in Qatar.

Its services include food delivery from numerous restaurants, grocery delivery with fast fulfillment, e-commerce solutions for local retailers, and logistics for same-day and scheduled deliveries.

Snoonu’s innovative technology and agile operations have earned it a strong reputation for user-friendly service and customer satisfaction.

 The platform’s ability to integrate multiple verticals under one app has helped it capture a broad customer base and adapt to evolving consumer demands in the region.

The acquisition fits Jahez’s strategy to expand beyond Saudi Arabia into high-growth Gulf Cooperation Council (GCC) markets.

By combining Snoonu’s multi-vertical model and local expertise, Jahez plans to broaden its service offerings to include e-commerce and logistics, complementing its existing food delivery operations.

It also aims to leverage operational synergies and strengthen its presence in Qatar’s growing digital delivery market.

The deal is expected to create new opportunities for merchants, riders, and consumers, enhancing competition and choice in the region’s on-demand economy, while driving innovation and improving service quality.

Once regulatory approvals are secured, Jahez will become a leading regional player in digital delivery.

This move highlights the increasing importance of cross-border collaboration and consolidation in the Middle East’s tech-driven economy.

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