The deal sees Snoonu, Qatar’s fastest-growing technology company, valuing the company

at over QAR 1 billion, making Snoonu the first Qatari tech startup to cross this milestone.

This supports its path to becoming Qatar’s first unicorn and establishing one of the most

dynamic technology powerhouses in the GCC. This transaction represents a strong vote of

confidence in Snoonu’s growth trajectory and will support the company in regional expansion

and enhance innovation across its platforms.

“This transformative partnership with Jahez marks a defining moment in Snoonu’s

journey,

” said Hamad Al Hajri, Founder and CEO of Snoonu.

“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. This partnership also reaffirms our

unwavering commitment to Qatar, a thriving and dynamic market with immense

potential, and supports Snoonu’s continued growth journey. Together, we will continue

driving technological advancement, creating meaningful value to our users and

merchants, and delivering exceptional experiences at scale.

”

Key Highlights:

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Empowering Local Innovation: The initiative accelerates Snoonu’s mission to

deliver cutting-edge solutions, fostering local talent and attracting bright minds from

around the world to contribute to Qatar’s growing tech ecosystem.

Boosting Qatar’s Digital Economy: The investment signifies a robust vote of

confidence in Qatar’s digital infrastructure and its potential to lead in the tech arena.

Regional Synergy: Combining Snoonu’s dynamic approach with Jahez’s extensive

experience creates a powerhouse poised to redefine the digital experience across

the GCC.This strategic transaction is more than a business deal; it’s a commitment to shaping a future

where technology bridges communities, enhances lives, and positions Qatar at the forefront

of digital transformation.

About Snoonu

Founded in 2019, Snoonu is Qatar’s premier technology company and super-app,

revolutionizing e-commerce, smart services, and on-demand solutions. Aligned with Qatar’s

vision for a diversified, knowledge-based economy, Snoonu drives innovation across

delivery, q-commerce, last-mile logistics, and B2B solutions, seamlessly connecting

customers, merchants, and partners nationwide.

As Qatar’s fastest-growing tech leader, Snoonu is a cornerstone of the country’s digital

transformation, championing tech-enabled convenience and empowering communities.

Committed to fostering local talent and innovation, Snoonu continues to expand its impact

across the region, redefining modern lifestyles.

About Jahez Group

The Group operates several brands and subsidiaries providing on-demand services,

q-commerce, last mile delivery, digital solutions and Cloud kitchens and shelving, connecting

customers, merchants and delivery partners across 100 cities in the Kingdom in addition to

Bahrain and Kuwait.

Launched in 2016, Jahez platform was one of the leading forces behind the disruptive shift

to online food delivery in the Kingdom, supported by the growing adoption of online delivery

as well as the proliferation of mobile devices adoption and delivery culture over the past few

years.

At the end of 2024, the Group had a network of +45K merchant branches, 4.3 million active

users, and more than +53K delivery partners. In pursuing its goal of expanding its customer

and merchant base, Jahez developed several service offerings and currently provides a wide

array of delivery and logistical services, through its main business streams.