Emaar Properties to Sell Namshi to Noon
Posted on 08/20/2022
Emaar Properties PJSC will sell its online fashion platform Namshi General Trading L.L.C (Namshi) to e-commerce company Noon for US$ 335.2 million. Emaar’s board of directors has in principle approved the sale of its subsidiary Emaar Malls’ e-commerce unit Namshi to Noon, subject to the approval of Noon’s board of directors. Emaar Properties will receive…
