EFG Hermes, an EFG Holding Company and the region’s leading investment bank in the MENA region, announced that its investment banking division has successfully completed its role as joint financial advisor, joint bookrunner, and joint underwriter on Cherry Trading Company’s initial public offering on the Saudi Exchange (Tadawul). The deal underscores grand market ambitions in equities and marks a meaningful addition to the Kingdom’s growing ECM pipeline.
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it acted as the buy-side advisor to Jahez International Company for Information Systems Technology (Jahez), on its majority stake acquisition of Snoonu Holding Company (Snoonu), Qatar’s leading technology and on-demand delivery platform. This milestone transaction accelerates Jahez’s evolution into a GCC technology powerhouse and marks Jahez's entry into the Qatari market. The transaction saw Jahez acquire 76.56% for USD 245 million. Following the completion of the transaction, Eng. Hamad Mubarak Al Hajri, the founder and CEO of Snoonu, will own the remaining 23.44%.
We use cookies to collect information about how you use our website. And we use the information derived from such cookies to ensure the functionality of our website and to enhance our services.