Kirkland & Ellis is advising Jahez International Company for Information System Technology (“Jahez”, TASI: 6017) on 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. The transaction values Snoonu at QAR 1.165 billion (USD 320 million), making it Qatar’s first ever start-up to surpass the QAR 1 billion valuation milestone.
The Kirkland team included Partner Noor Al-Fawzan, & Associates Noura Abdulrahman and Fahad Alarifi.
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