Snoonu describes its partnership with Jahez as a historic milestone and a game changer for the region

Humza Abid Khan, Chief Strategy and Business Officer at Snoonu Corporation Holding

Humza Abid Khan, Chief Strategy and Business Officer,  Snoonu Corporation Holding, said Jahez International Company for Information System Technology’s acquisition of a stake in Snoonu will support innovation and accelerate growth.

In a telephonic interview with Argaam, Khan said that Jahez brings scale and extensive market expertise, which drives collaboration and exchange of best practices, ultimately benefiting partners, customers and the ecosystem. He noted that Snoonu remains a leading platform in most service categories, offering a wide range of options from food and groceries to pharmacies, flowers, and electronics—positioning it for continued, sustainable growth.

Khan explained that the delivery market in Qatar has experienced continuous growth in recent years, driven by an increasing reliance on digital adoption and a growing demand for convenience. He pointed out that current trends indicate a shift by customers towards online platforms, giving Snoonu a unique opportunity to expand its market share.

He added that the partnership with Jahez will accelerate and support Snoonu’s core mission to simplify people’s lives by leveraging technology. He also emphasized that the team is working rapidly to address the challenges and drive world class experience to our stakeholders, as part of a broader goal to foster innovation both locally and regionally, while building a leading regional tech giant. Khan acknowledged that the delivery business model often faces profitability challenges in its early stages. However, Snoonu has remained committed from the outset to delivering real value not just to customers, but also to partners and all stakeholders across the ecosystem. This approach has helped build strong brand loyalty, drive sustained growth, and continuously enhance the user experience, all of which have contributed to positive financial outcomes.

According to data available on Argaam, Jahez recently signed a share purchase and subscription agreement (SPSA) to acquire a 76.56% stake in Qatar-based Snoonu for $245 million (SAR 919 million) making Snoonu becoming the 1st tech company to be valued more than 1 billion QAR in Qatar.