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| 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 |
Noon (Arabic: نون) is a based e-commerce platform in the Kingdom of Saudi Arabia. The company was launched in 2016.[2][3][4]
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][5]
In August 2022, Noon acquired fashion and accessories specialist Namshi from Emaar Properties.[6][7][8]
See also
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
- 1 2 "Amazon's Middle East Rival Noon Cuts 10% of Jobs to Pare Costs". Bloomberg.com. 2023-04-18. Retrieved 2023-11-28.
- ↑ 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
- ↑ Kamel, Deena (2023-02-13). "Mohamed Alabbar's Noon completes acquisition of online fashion retailer Namshi". The National. Retrieved 2023-11-28.
External links
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