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FINANCIAL NEWS
Saudi’s USD1bn e-commerce site to go online in Jan
16 Nov 2016
(MENAFN) The USD1bn regional e-commerce site launched in a joint venture with the Saudi sovereign wealth fund and other Gulf investors will go online in Jan.
Moreover, Noon.com will have 50 percent investment from the kingdom’s Public Investment Fund and the rest from around 60 investors led by Alabbar.
According to Emaar Co., this predicts to become a world player and will focus on Saudi Arabia and the UAE.
With a basic inventory of 20mn products, the online retailer aims to expand to Egypt, the Arab World”s most populous state by the end of 2018.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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