Eversheds Sutherland advise the majority shareholders of Snoonu on the sale of a 76.56% stake to Jahez International Company for Information System Technology

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Eversheds Sutherland advise the majority shareholders of Snoonu on the sale of a 76.56% stake to Jahez International Company for Information System Technology

July 10, 2025

Qatar
Qatar
Qatar
Eversheds Sutherland advised the majority shareholders of Snoonu – Qatar’s fastest growing tech leader – on the sale of a 76.56% stake to Jahez International Company for Information System Technology, an online food delivery platform based in the Kingdom of Saudi Arabia. This significant transaction was executed through the signing of a Share Purchase and Subscription Agreement.
The transaction involved a cash consideration of USD 214 million to be paid to all existing shareholders of Snoonu, with Jahez to pay a cash consideration of USD 20 million in connection with the subscription of new shares.

This landmark deal has placed a QAR 1.165 billion (USD 320 million) valuation on Snoonu, making it Qatar’s first ever start-up to surpass the QAR 1 billion valuation milestone.

The Eversheds Sutherland team was led by Qatar-based partner Samer Sarkis, with support from senior associates Sundeep Thandi, Raja Ghandour and associates Mohammed Alaboushi and Marwah Rawashdeh.
The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.

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Key contacts

samersarkis@eversheds-sutherland.com

Samer Sarkis

Partner

Doha, Qatar

rajaghandour@eversheds-sutherland.com

Raja Ghandour

Senior Associate

Amman, Jordan

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Sundeep (Sunny) Thandi

Senior Associate

Doha, Qatar

MarwahRawashdeh@eversheds-sutherland.com

Marwah Rawashdeh

Associate

Doha, Qatar

mohammedalaboushi@eversheds-sutherland.com

Mohammed Alaboushi

Associate

Doha, Qatar

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