Latest news with #Snoonu
Qatar Tribune
10 hours ago
- Business
- Qatar Tribune
QC hosts workshop on operational systems and business growth
Tribune News Network Doha Qatar Chamber (QC), in collaboration with the Young Entrepreneurs Club, recently organised a workshop titled 'Operational Systems for Multi-Unit Growth,' which drew the participation of more than 200 entrepreneurs, innovators, and individuals with a keen interest in small and medium enterprises and entrepreneurship. The session was delivered by Hamad Mubarak Al Hajri, founder and CEO of Snoonu, who shared his entrepreneurial journey and the lessons he learned while building one of Qatar's fastest-growing startups. Al Hajri spoke candidly about the challenges faced by Snoonu in its early stages and the strategies that helped the company achieve remarkable success. He also shed light on Snoonu's recent strategic deal with the Saudi company Jahez, describing it as a significant step in the company's regional expansion and a demonstration of the growing potential of Qatari startups. In his presentation, Al Hajri emphasised the importance of adopting effective operational systems that enable startups to expand across multiple units while maintaining efficiency and profitability. He explained that structured processes, careful cost management, and data-driven strategies are essential for sustaining long-term growth and ensuring customer satisfaction. He also highlighted the impact of direct and operational costs on profit margins, stressing that entrepreneurs need to remain vigilant in managing expenses as they scale their businesses. The workshop also provided an opportunity for interactive dialogue, as Al Hajri responded to a range of questions from the audience. Participants inquired about various aspects of entrepreneurship, including building sustainable and scalable business models, overcoming challenges in the startup ecosystem, and leveraging modern tools and technology to support expansion. By hosting the workshop, Qatar Chamber reaffirmed its commitment to fostering entrepreneurship and innovation in the country. The Chamber continues to provide platforms for knowledge exchange and capacity building, enabling young business leaders to learn from successful professionals and gain practical insights that support their ambitions. Such initiatives play an important role in strengthening Qatar's entrepreneurial ecosystem and contribute to the country's broader efforts to achieve economic diversification and sustainabledevelopment.
Web Release
3 days ago
- Entertainment
- Web Release
Indulge in a Unique Season of Sweetness with the Limited-Edition Berliners at Millie's Lounge in The Ned Doha
Indulge in a Unique Season of Sweetness with the Limited-Edition Berliners at Millie's Lounge in The Ned Doha Satisfy your sweet tooth's cravings at The Ned Doha this season when it turns up the flavour with a new twist on one of its most loved delectable treats. The iconic Berliners from Millie's Lounge are making a bold statement with limited-edition flavours that promise to delight dessert lovers across the city. Pick up a box to share or just scoff them all yourself, as these Berliners are the ultimate way to sweeten up your cravings. Located within the stylish surroundings of The Ned Doha, Millie's Lounge are beloved for their inventive take on classic favourites. From all-day international dining to comforting signature dishes and showstopping desserts, these venues are the perfect places to press pause and enjoy a well-deserved treat. The new Berliner collection adds to their already impressive pastry line-up, cementing their reputation as a must-visit destination for dessert aficionados. For those unfamiliar with the classic German delight, a Berliner is a pillowy, yeast-based doughnut traditionally filled with fruity jam and dusted with sugar. Unlike standard doughnuts, Berliners skip the hole in the middle and instead focus on generous fillings and melt-in-the-mouth texture. With this new limited-edition, guests can expect playful and vibrant flavour combinations like Matcha Raspberry and Strawberry Passion, each one handcrafted to perfection. Available from 27th July, the limited-edition Berliners can be enjoyed while dining in Millie's Lounge, as a takeaway treat, or ordered straight to your doorstep via the Snoonu Food Delivery App. Each box includes six Berliners and is priced at QAR 225. Ideal for sharing with friends or savouring solo, they're a deliciously stylish way to beat the heat. With their bold flavours, elegant presentation, and perfect balance of indulgence and fun, the new Berliners from Millie's Lounge are set to become a seasonal favourite. Available for a limited time only, these irresistible treats are offered daily from 12pm to 11pm for takeaway and delivery. Don't miss your chance to try them before they're gone! When: Available daily, starting 27th July, from 12pm to 11pm Where: Millie's Lounge (Available for Dine In, Takeaway & Snoonu app) Offer: Berliner limited-edition boxes with 6 Berliners Price: QAR 225 per box Contact: 4406 1111
CairoScene
11-07-2025
- Business
- CairoScene
Jahez Acquires 76.6% of Qatar's Snoonu in $245 Million Deal
Jahez Acquires 76.6% of Qatar's Snoonu in $245 Million Deal Saudi-based delivery firm Jahez acquires 76.6% of Qatar's Snoonu for $245 million, boosting its presence in the GCC's on-demand and logistics markets. Jahez International, the Saudi-based food delivery and logistics platform, has signed a Share Purchase and Subscription Agreement (SPSA) to acquire a 76.56% stake in Qatar's Snoonu for $245 million (SR 919 million), according to a disclosure on the Saudi stock exchange. Under the agreement, Jahez will acquire 8.14 million shares - representing 75% of Snoonu's share capital - from existing shareholders for $225 million. The deal will be financed through a combination of internal cash resources, bank facilities, and Jahez's treasury shares. Additionally, Jahez will subscribe to 723,960 newly issued shares, securing an additional 1.56% stake for $20 million. The transaction values Snoonu at approximately QAR 1.17 billion ($320 million), making it the first Qatari startup to cross the QAR 1 billion threshold. The deal is expected to close in the second half of 2025, subject to regulatory approvals and a shareholder vote at Jahez's upcoming extraordinary general meeting. Upon completion, Jahez will hold a 76.56% stake, while Snoonu founder Hamad Al-Hajri will retain the remaining 23.44%. Al-Hajri will continue to serve as CEO, supported by Snoonu's existing executive team. A new four-member board will be formed, comprising three representatives from Jahez - including the chairman - and one from Al-Hajri. Snoonu, founded in 2019, operates an integrated e-commerce and delivery platform offering food, grocery, and retail services, alongside third-party logistics solutions for startups and SMEs. The acquisition aligns with Jahez's broader strategy to deepen its regional footprint and drive platform synergies across the GCC. The $20 million capital injection is set to support Snoonu's ongoing innovation efforts and market expansion initiatives. The agreement also includes standard terms and warranties, with lock-up periods on transferred shares governed by Saudi Arabia's Capital Market Authority.
Arabian Business
10-07-2025
- Business
- Arabian Business
Saudi's Jahez to acquire 76.56% stake in Qatar's Snoonu for $245mn
Saudi Arabia's Jahez International Company for Information System Technology (Jahez) is acquiring a controlling stake of 76.56 per cent in Snoonu, one of Qatar's fastest-growing technology and on-demand delivery companies, in a deal worth US$245 million. Jahez will acquire 8,144,546 shares, representing 75 per cent of Snoonu shares, from existing shareholders for US$225 million. It will subscribe to 723,960 newly issued shares in Snoonu, representing an additional 1.56 per cent of shares for another US$20 million. Founder and CEO of Snoonu, Hamad Mubarak Al Hajri, will own the remaining 23.44 per cent. Jahez acquires majority stake in Snoonu The deal, which values Snoonu at US$320 million (QAR1.16 billion), is expected to be completed in the second half of the year and is subject to regulatory approvals and closing conditions. According to a statement from a Saudi food delivery firm, it makes Snoonu Qatar's first-ever start-up to surpass the QAR1 billion valuation milestone. Snoonu is a multi-vertical platform that spans food, grocery, e-commerce, and logistics, and has rapidly captured a leading market share in Qatar since its inception in 2019. It has more than tripled its GMV to QAR1.37 billion (US$380 million) in 2024. Revenue has grown over 3.5x from QAR146 million (US$40.1 million) in 2022 to QAR511 million (US$140.4 million) in 2024. Over the same period, it reported a net profit of QAR27 million and QAR54 million in EBITDA in 2024. The valuation includes a US$20 million capital injection by Jahez that will support Snoonu's expansion and enhance its innovation capabilities across its platforms. Snoonu will continue to operate under its own brand, led by Al Hajri and its current executive management team. A four-member board will be established, comprising three directors appointed by Jahez (including the Chairperson) and one seat for a director appointed by the founders. By combining Jahez's scale and operational expertise with Snoonu's rapid growth and market leadership in Qatar, the group aims to accelerate innovation, broaden service offerings, and deliver an even more seamless experience to customers, merchants, and delivery partners across the region. Mishal Bin Sultan Bin Abdulaziz Al Saud, Chairman of the Board of Directors, Jahez, commented: 'We formed Jahez as a trailblazer in the Saudi startup space and are proud to now partner with one of Qatar's standout success stories. 'This partnership represents a meaningful step toward realising our collective long-term vision of shaping the future of tech and commerce in the region. By bringing together two homegrown tech leaders, we are reinforcing our commitment to innovation and regional collaboration.' Ghassab Al-Mandeel, Chief Executive Officer of Jahez, added: 'Snoonu's impressive growth journey will be further fueled by Jahez's infrastructure and scale, while we gain access to Snoonu's cutting-edge product engine, talent, and high-performance platform across its portfolio. 'Our companies share the same entrepreneurial DNA and have a proven ability to grow profitably in a competitive sector.' The transaction will be funded from Jahez's existing cash reserves and bank facilities, as well as existing treasury shares held by the company. Al Hajri, Founder and CEO of Snoonu, said: 'This transformative partnership with Jahez marks a defining moment in Snoonu's journey. Together, we are creating a true regional technology champion built on shared values and a common vision for innovation, excellence, and sustainable growth. 'By joining forces, we are combining complementary strengths and deep market knowledge to set new benchmarks in the GCC's digital economy.'
Yahoo
09-07-2025
- Business
- Yahoo
Jahez to acquire 76% stake in Qatar's Snoonu for $245m
Saudi-listed food delivery firm Jahez has agreed to acquire a 76.56% stake in Qatar's on-demand delivery company Snoonu for $245m. Established in 2019, Snoonu operates as a multi-vertical platform covering food, grocery, e-commerce and logistics. Jahez will purchase 8,144,546 shares, representing 75% of Snoonu's share capital, from existing shareholders for $225m using a mix of cash and shares. Jahez will also subscribe to 723,960 newly issued shares, equating to a further 1.56% of Snoonu's share capital, for $20m in cash. The transaction remains subject to regulatory approvals and customary closing conditions, with completion expected in the second half of 2025. Upon closure, Jahez will hold the majority stake in the acquired company, while Snoonu's founder and CEO, Hamad Mubarak Al Hajri, will retain a 23.44% share. Snoonu will continue to operate under its brand post-acquisition and will be led by Hamad Mubarak Al Hajri. The deal values Snoonu at QR1.165bn ($320m), making it Qatar's first startup to exceed a QR1bn valuation. The acquisition represents Jahez's entry into the Qatari market, aligning with its expansion strategy across the Gulf Cooperation Council region. Established in 2016, Jahez offers on-demand services, q (quick)-commerce, last-mile delivery, digital solutions and cloud kitchens in Saudi Arabia, Bahrain and Kuwait. Jahez CEO Ghassab Al-Mandeel was quoted by Wamda: 'This partnership is a win-win for all stakeholders as we expand our presence in the region. 'Snoonu's impressive growth journey will be further fuelled by Jahez's infrastructure and scale, while we gain access to Snoonu's cutting-edge product engine, talent and high-performance platform across its portfolio. 'Our companies share the same entrepreneurial DNA and most importantly, have a proven ability to grow profitably in a competitive sector. Together, we will unlock new opportunities for customers and merchants, cementing our position as the region's trusted on-demand platform and continuing to deliver shareholder value.' "Jahez to acquire 76% stake in Qatar's Snoonu for $245m" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
