| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by Jahez International Company for Information System Technology (“Jahez”) on the Saudi Stock Exchange (Tadawul) website on 14/04/1447H (corresponding to 06/10/2025G) regarding the completion of the first phase of the transaction, relating to the share purchase and subscription of an overall 76.56% stake in Snoonu Corporation Holding LLC (“Snoonu”) (the “Transaction”), Jahez announces the completion of the second phase of the Transaction. |
| Acquisition Procedures Conclusion Date | 2025-10-23 Corresponding to 1447-05-01 |
| Summary of Acquisition / Purchase | The second phase of the Transaction was completed through the subscription of seven hundred two thousand and three hundred thirty-eight (702,338) shares, representing one and fifty-six hundred percent (1.56%) of Snoonu’s share capital. As a result, Jahez now holds 76.56% of Snoonu’s share capital, with Snoonu’s founder, Hamad Mubarak Al Hajri, retaining the remaining 23.44%. |
The second phase of the Transaction has been funded in cash through Jahez’s own resources.
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