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

Working group close up at a meeting at the office desk. The concept of teamwork.Working group close up at a meeting at the office desk. The concept of teamwork.

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. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Services

Key contacts

samersarkis@eversheds-sutherland.com

Samer Sarkis

Partner

Doha, Qatar

rajaghandour@eversheds-sutherland.com

Raja Ghandour

Senior Associate

Amman, Jordan

sundeepthandi@eversheds-sutherland.com

Sundeep (Sunny) Thandi

Senior Associate

Doha, Qatar

MarwahRawashdeh@eversheds-sutherland.com

Marwah Rawashdeh

Senior Associate

Doha, Qatar

mohammedalaboushi@eversheds-sutherland.com

Mohammed Alaboushi

Associate

Doha, Qatar

Latest Insights

Latest News

Latest Events

EU-flags-at-the-European-Commission-Berlaymont-building-cropped

guides and reports

October 23, 2026

EU: Empowering Consumers for the Green Transition Directive

An abstract image of a building

legal updates

October 21, 2026

Construction Projects in the GCC

Electricity transmission pylons across rural landscape energy infrastructure power lines

legal updates

October 21, 2026

Navigating energy storage globally

Modern office building glass facade exterior

legal updates

October 21, 2026

Commercially Connected - October 2026

© Eversheds Sutherland 2026. All rights reserved. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client. For further information about these Eversheds Sutherland Entities and Eversheds Sutherlands’ structure please see the Legal Notices page of this website.