Riyadh, Saudi Arabia — The Jahez Sanuno acquisition of the Qatar deal marks a significant move in Jahez International’s regional expansion. By acquiring a 76.56% stake in Sanad Holding (Sanuno) for USD 214 million, the Saudi-listed tech firm gains a foothold in Qatar’s delivery and e-commerce market.
Jahez Sanuno acquisition Qatar expands Saudi delivery footprint
Jahez agreed to buy 8.144 million existing shares (75%) and subscribe to 723,960 new shares (1.56%). Consequently, it will own 76.56% of the company. Meanwhile, founder Hamad Mubarak Al‑Hajri retains 23.44%.
The transaction involves a USD 214 million (SAR 802 million) cash payment. Additionally, Jahez will transfer 1.538 million treasury shares (0.73%) to Al‑Hajri. Moreover, it injects USD 20 million (SAR 75 million) through new share issuance.
Strategic deal fuels Jahez Qatar expansion and digital logistics growth
Jahez will fund the deal with internal resources, bank debt, and treasury shares. A shareholders’ agreement will ensure strong governance after closing. Furthermore, this acquisition fits Jahez’s GCC expansion plan and strengthens its position in Qatar’s delivery sector.
Sanuno’s profile and synergy potential
Sanuno offers food delivery, retail, grocery, and postal services via its digital platform. In 2024, it generated QAR 511 million (SAR 526 million) in revenue and QAR 27 million (SAR 28 million) in net profit. Therefore, the acquisition complements Jahez’s services and operations. It also unlocks synergies through shared tech systems and regional integration.
The Saudi Standard’s View: Jahez Bets Big on Cross‑GCC Integration
Jahez’s USD 214 million move into Sanuno suggests more than geographic expansion: it signals a push for regional scale and ecosystem synergy.
By acquiring a well-established Qatari platform, Jahez avoids early-stage market risks and gains immediate traction with an operationally mature company.
Moreover, this deal forms part of broader GCC tech consolidation. Sanuno’s multi-service platform fits Jahez’s regional ambitions seamlessly. It opens opportunities for shared infrastructure and unified customer offerings across markets.
The transfer of treasury shares and a governance agreement also demonstrate a balanced approach. Jahez secures local expertise while ensuring strategic control, which is essential for navigating regulatory and cultural differences.
Indeed, this acquisition may set a precedent. Regional M&A could become their default growth model as Saudi tech firms evolve. Consequently, Jahez’s play offers a blueprint for capital-efficient, strategy-aligned expansion across the GCC.
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