Latest news with #HamadAlHajri
Qatar Tribune
19-07-2025
- Business
- Qatar Tribune
talabat launches HBN Kitchen by Chef Hamad Al Hajri
Tribune News Network Doha talabat, the leading on-demand delivery platform in the MENA region, has officially launched HBN Kitchen by celebrated Qatari Chef and entrepreneur, Chef Hamad Al Hajri, available exclusively on the talabat app from August 1. To mark the occasion, talabat hosted an exclusive launch event on July 16, attended by key partners and guests. Guests were treated to a first taste of the restaurant's signature creations, personally prepared and presented by ChefHamad. Known for his bold interpretation of Qatari cuisine, Chef Hamad's latest venture blends traditional flavours with modern techniques. HBN Kitchen will feature a curated menu of dishes crafted for quality, consistency and convenience, delivered straight to customer's doors through talabat. Francisco Miguel De Sousa, managing Director of talabat Qatar, commented: 'We are proud to partner with Chef Hamad on this exciting new concept. At talabat, we are committed to championing local talent and creating meaningful partnerships that deliver value to our customers. HBN Kitchen is a true celebration of Qatari culinary identity.' Chef Hamad Al Hajri of HBN Kitchen said, 'HBN Kitchen is more than just a culinary brand — it is my vision and my discipline. It reflects my deep commitment to showcasing Qatari culture through food, while creatively blending it with global flavours such as Polish, Mediterranean, Latin American, and Turkish. 'This journey has brought me international recognition and invitations, and I'm proud to continue sharing the rich story of Qatari cuisine with the world through this exclusive partnership with talabat.' Chef Hamad will be available to order from August 1 exclusively on talabat, offering customers a fresh and modern take on Qatari fusion cuisine. Customers can download the talabat app via the IOS App Store, Google Play Store, or Huawei App Gallery.
ILoveQatar.net
09-07-2025
- Business
- ILoveQatar.net
Snoonu joins forces with Saudi's Jahez Group, becomes Qatar's first QR 1 billion tech start up
In a groundbreaking move, Qatar's homegrown tech champion, Snoonu, has joined forces with Jahez Group, a leading integrated ecosystem of on-demand services in Saudi Arabia, setting the stage for a transformative journey in the Gulf's digital landscape. The deal sees Snoonu, Qatar's fastest-growing technology company, valuing the company at over QR 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: 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.
Wamda
09-07-2025
- Business
- Wamda
Jahez acquires 76.56% stake in Qatar's Snoonu in $245 million deal
Saudi-listed Jahez Group has signed a definitive agreement to acquire 76.56% of Qatar's Snoonu, a leading e-commerce and on-demand delivery platform, for a total of $245 million. The transaction includes $225 million for 75% of existing shares and a $20 million capital injection for a 1.56% newly issued stake. This acquisition marks Jahez's official entry into the Qatari market and strengthens its expansion across the GCC region. Snoonu becomes the first Qatari startup to cross a $300 million valuation milestone, driven by its strong GMV growth and profitability. Snoonu will continue to operate under its brand, led by founder and CEO Hamad Al Hajri, who retains a 23.44% stake. The combined group expects to unlock major operational and technological synergies across logistics, e-commerce, and delivery. Press release: Jahez International Company for Information System Technology and Snoonu Corporation Holding announce the signing of a Share Purchase and Subscription Agreement (SPSA) where Jahez will acquire 76.56% of the share capital of Snoonu, Qatar's fastest-growing technology and on-demand delivery company. Pursuant to the SPSA, Jahez will acquire 8,144,546 shares, representing 75.00% of the share capital of Snoonu, from the existing shareholders for $225 million ($844 million), which will be satisfied in a combination of cash and shares in Jahez. Further, Jahez will subscribe to 723,960 newly issued shares in Snoonu, representing an additional 1.56% of the share capital of Snoonu for an additional cash consideration of $20 million ($75 million). Upon completion of the deal, expected in the second half of 2025, Jahez will own 76.56% of Snoonu's share capital and the founder and CEO of Snoonu, Eng. Hamad Mubarak Al Hajri, will own the remaining 23.44%. The transaction is subject to approvals from the relevant authorities and customary closing conditions. Snoonu is a multi-vertical platform that spans food, grocery, e-commerce, and logistics and has rapidly captured a leading market share in Qatar since its inception in 2019. Its high average monthly order frequency and strong customer loyalty are underpinned by a world-class team with global experience across leading international tech and digital commerce players. This has been instrumental in the development of a robust, scalable platform and Snoonu's reputation for excellence in execution. This landmark deal has placed a QAR 1.165 billion (USD 320 million) valuation on Snoonu, making it Qatar's first-ever startup to surpass the QAR 1 billion valuation milestone. The valuation includes a USD 20 million capital injection by Jahez that will support Snoonu's expansion and enhance its innovation capabilities across its platforms. This valuation reflects Snoonu's track record of delivering exceptional growth over the past two years, more than tripling its GMV to QAR 1.37 billion in 2024. Revenue has followed a similarly impressive trajectory, growing over 3.5x from QAR 146 million in 2022 to QAR 511 million in 2024. The company also demonstrated a clear path to profitability over the same period and reported a net profit of QAR 27 million and QAR 54 million in EBITDA in 2024. This strong performance reflects Snoonu's operational efficiency, customer retention, and ability to scale profitably. Post-acquisition, Snoonu will continue to operate under its own brand, led by Mr. Al Hajri and supported by its current executive management team. A four-member board will be established, comprising three Jahez-appointed directors (including the Chairperson) and one seat for a founder-appointed director. This deal marks a major step for Jahez and Snoonu as they unify efforts and resources to achieve their vision of building a leading, diversified ecosystem and technology platforms built by and for the region. The transaction opens the door to a dynamic and high-potential market while strengthening the Group's capabilities in platform innovation and regional reach. By combining Jahez's scale and operational expertise with Snoonu's rapid growth and market leadership in Qatar, the Group aims to accelerate innovation, broaden service offerings, and deliver an even more seamless, best-in-class experience to customers, merchants, and delivery partners across the region. The transaction will leverage logistics, e-commerce, customer service and technology expertise across Jahez and Snoonu to unlock operational and technological synergies that will strengthen the Group's position as a leading delivery, e-commerce, and logistics provider in the region, while maintaining profitability. HRH Prince Mishal Bin Sultan Bin Abdulaziz Al Saud, Chairman of the Board of Directors of Jahez, said: 'We formed Jahez as a trailblazer in the Saudi startup space and are proud to now partner with one of Qatar's standout success stories. This partnership represents a meaningful step toward realizing our collective long-term vision of shaping the future of tech and commerce in the region. By bringing together two homegrown tech leaders, we are reinforcing our commitment to innovation and regional collaboration, while supporting the next phase of digital growth for the region.' 'This partnership is a win-win for all stakeholders as we expand our presence in the region,' said Eng. Ghassab Al-Mandeel, Chief Executive Officer of Jahez. 'Snoonu's impressive growth journey will be further fueled by Jahez's infrastructure and scale, while we gain access to Snoonu's cutting-edge product engine, talent, and high-performance platform across its portfolio. Our companies share the same entrepreneurial DNA and most importantly, have a proven ability to grow profitably in a competitive sector. Together, we will unlock new opportunities for customers and merchants, cementing our position as the region's trusted on-demand platform and continuing to deliver shareholder value.' 'This transformative partnership with Jahez marks a defining moment in Snoonu's journey,' said Eng. 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.' Transaction Highlights Total consideration paid by Jahez for 75% of Snoonu is valued at $225 million ($844 million). This equates to Snoonu's pre-money equity valuation of USD 300 million ($1,125 million). Mr. Hamad Al Hajri remains the CEO of Snoonu and will retain a minority 23.44% ownership of the company. Additionally, a share consideration equal to 1,538,460 ordinary shares in Jahez will be allotted to Mr. Al Hajri, representing 0.73% of the total share capital of Jahez. Jahez will further subscribe to 723,960 newly issued shares in Snoonu, representing an additional 1.56% of the company's share capital, for a capital injection of USD 20 million ($75 million). Snoonu will continue to operate under its own brand with its current executive management team; governance will be through a four-member board comprising three Jahez-appointed directors (including the Chairperson) and one seat for a founder-appointed director. Jahez and Snoonu expect to realise significant operational and technological synergies through the acquisition. The transaction will be funded from Jahez's existing cash reserves and bank facilities, as well as existing treasury shares held by Jahez. The deal is expected to close during the second half of 2025, subject to approval from the relevant authorities and customary conditions. EFG Hermes KSA acted as the financial advisor, while Kirkland & Ellis acted as the legal advisor and IP Excellera was appointed as the communications advisor for Jahez Group. Consulting Haus acted as the financial advisor, while Eversheds Sutherland acted as the legal advisor to Snoonu.
Zawya
03-07-2025
- Business
- Zawya
Snoonu to launch innovation district at Lusail
Doha, Qatar: Snoonu has officially signed the contract for its new headquarters at Lusail Boulevard, spanning 8,429 sqm, in collaboration with Qatari Diar Real Estate Investment Company. The newly designated Snoonu Innovation District will serve as more than a corporate office; it will become a hub for technological advancement, talent development, and cross-sector collaboration. Designed to reflect Snoonu's dynamic identity, the district will bring together high-performing teams in an environment that inspires creativity and excellence. Located in Lusail Boulevard, the new headquarters benefits from its prime position in Qatar's visionary smart city, seamlessly connected to Doha. The district is designed to foster innovation with state-of-the-art infrastructure, making it an ideal environment for Snoonu to thrive and contribute to Qatar's technological ecosystem. 'The new headquarters represents our commitment to building a future-ready Qatar,' said Snoonu CEO and founder Hamad Al-Hajri, 'We are creating a space that fosters innovation, attracts global talent, and contributes to the country's transformation into a regional and international technology hub.' Designed to grow alongside Snoonu's expanding operations, the new headquarters aligns with Qatar National Vision 2030, particularly in advancing economic diversification and knowledge-based industries. The 8,429sqm space will be tailored to support scalable innovation, agile product development, and integrated teamwork. Chief Development and Asset Management Officer – Qatar at Qatari Diar Real Estate Investment Company Eng. Fahad Abdullatif Al Jahrami, commented: 'We are proud to welcome Snoonu to Lusail, as part of our ongoing efforts to attract leading national companies and support a progressive business environment in Qatar. This initiative contributes to the country's pursuit of a diversified, sustainable economy built on knowledge and innovation, reinforcing Qatar's position as a regional hub for technology and entrepreneurship.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Gulf Today
30-05-2025
- Business
- Gulf Today
Make-A-Wish, Taqa bring hope to critically ill kids
Make-A-Wish UAE has signed a Memorandum of Understanding with TAQA to strengthen corporate social responsibility and bring hope to children battling critical illnesses through collaborative initiatives. The signing ceremony took place at the TAQA Stand (Arena) during the World Utilities Congress held at ADNEC Centre Abu Dhabi, in the presence of Hani Al Zubaidi, CEO of Make-A-Wish UAE, and Hamad Al Hajri, Chief Corporate Support Officer of TAQA, alongside senior executives and representatives from both organisations. This strategic partnership aims to expand institutional humanitarian efforts by collaborating on impactful initiatives that provide emotional and psychological support to children and their families. The MoU also reflects TAQA's deep-rooted commitment to social responsibility and opens the door to a range of future initiatives in partnership with Make-A-Wish UAE, including volunteering opportunities for TAQA employees to actively contribute to wish-granting activities and events. Commenting on the occasion, Hani Al Zubaidi stated, "This MoU embodies our shared vision with TAQA to inspire hope and joy in the hearts of children facing critical illnesses, and to enhance the role of government-related entities in championing humanitarian causes. "We are grateful for TAQA's generous commitment and belief in our mission, and we are confident that this partnership will lead to meaningful, lasting impact in the lives of our wish children and their families.' Hamad Al Hajri stated, 'Sustainability extends beyond environmental protection; it is also about how we care for our communities. Make-A-Wish UAE supports children and families during some of their most difficult moments, and through this partnership, we can channel our resources towards that purpose. Every child deserves moments of joy, and we are honoured to contribute to a cause that brings hope where it is needed most.' The MoU serves as a model for corporate-community collaboration, paving the way for a series of programmes and events tailored for children with critical illnesses. It reinforces Make-A-Wish UAE's position as a leading humanitarian organisation and underscores TAQA's ongoing support of impactful community-driven initiatives.
