Jahez International Company announced on October 6, 2025, the completion of the first phase of its acquisition of Snoonu Corporation Holding LLC, purchasing 7,901,303 shares representing 75% of Snoonu's share capital. Jahez will subsequently subscribe to an additional 702,338 shares (1.56%), bringing its total ownership to 76.56%, while founder Hamad Mubarak Al Hajri will retain 23.44%. The transaction was funded through a combination of cash from Jahez's resources and existing treasury shares, with financial impact to be reflected in Jahez's financial statements for the year ending December 31, 2025.

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