Consulting Haus is proud to announce its role as exclusive sell-side financial advisor to Snoonu, one of Qatar’s leading technology startups, in its landmark agreement with Jahez International Company, a Saudi-listed tech giant.
Under the terms of the agreement, Jahez will acquire a 76.56% stake in Snoonu, placing a valuation exceeding QAR 1 billion on the company. This transaction marks a historic first: Snoonu becomes the first Qatari startup to reach this valuation threshold, representing a defining moment in the growth of Qatar’s digital economy and startup landscape.
The acquisition underscores the exceptional rise of Snoonu — founded by Hamad Al Hajri — and highlights the company's market-leading position across food delivery, e-commerce, and logistics in Qatar. The transaction also reflects Jahez’s strategic intent to expand into Qatar and the broader GCC region.
"This deal is not just a valuation milestone, it is a symbol of regional ambition, entrepreneurial excellence, and cross-border synergy," said Seif Hourani, the engagement partner who lead the transaction from Consulting HAUS. “We are honored to have advised Snoonu on this transformative outcome and proud to help bring together two of the region’s most dynamic tech players.”
Strategic Implications of the Transaction:
- ? Capital & scale to power Snoonu’s next phase of growth
- ?? Entry point for Jahez into the Qatari market and regional diversification
- ? Creation of a GCC tech champion with local depth and global aspirations
This transaction stands as one of the largest technology M&A deals in the region to date, demonstrating the growing sophistication of the GCC’s innovation ecosystem and the strength of its homegrown companies.
At Consulting HAUS, we remain committed to enabling bold, high-impact transactions that reshape industries, drive private sector innovation, and elevate regional success stories to the global stage.
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