Noon (company)
Noon (Arabic: نون) is a Saudi Arabian e-commerce platform in the Arab world. The company was launched in 2016.[2][3]
.png.webp) | |
| Founded | 2016 |
|---|---|
| Headquarters | Riyadh, Saudi Arabia |
| Area served | Saudi Arabia, Egypt, United Arab Emirates |
| Owner | PIF (50%)[1]
Mohamed Alabbar (unknown value) |
| Industry | Internet |
| Services | E-commerce (online shopping) |
| URL | www |
History
The company was founded in 2016 by PIF and Mohamed Alabbar, with a value of $1 billion. Alabbar stated at a press conference that Noon is 50 percent owned by the PIF, while the remaining 50 percent is owned by him and private investors in the region. Noon's operations span Saudi Arabia, Egypt and the United Arab Emirates.[4]
In August 2022, Noon has acquired fashion and accessories specialist Namshi from Emaar Properties.[5][6]
References
- PIF, Dubai businessman Alabbar launch $1bn e-commerce platform
- Exclusive: Alabbar is open to further investments with Saudi sovereign wealth fund
- Saudi Arabia investing in largest Arab e-commerce platform
- Dubai businessman Alabbar, Saudi SWF launch $1 billion e-commerce platform
- Emaar Properties plans to sell fashion portal Namshi to noon for $335.2m
- Emaar agrees to sell fashion retailer Namshi to Alabbar’s Noon for $335.2m
External links
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.