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Saudi Delivery App Jahez to Buy Major Stake in Qatar's Snoonu

Saudi Delivery App Jahez to Buy Major Stake in Qatar's Snoonu

Bloomberg09-07-2025
Saudi Arabian delivery platform Jahez has agreed to acquire a majority stake in Qatari e-commerce platform Snoonu, in a positive signal for venture capital investors looking for more sign of exits in the Middle East.
Jahez is set to purchase about 75% of the share capital of Snoonu for $225 million, according to a statement on Wednesday. It will also subscribe to 1.56% of new shares for an additional cash consideration of $20 million.
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