Dubai’s Emaar hires Emirates NBD on the market of e-commerce enterprise Namshi – sources

The company emblem of EMAAR is seen in Dubai, United Arab Emirates, December 28, 2018. REUTERS/ Hamad I Mohammed/Recordsdata

DUBAI, Sept 12 (Reuters) – Dubai’s Emaar (EMAR.DU) has picked Emirates NBD (ENBD.DU) to advise it on the sale of style e-commerce enterprise Namshi, sources mentioned.

Emaar Malls, the retail arm of Dubai’s largest developer, Emaar Properties, purchased a 51% stake in Namshi from World Vogue Group (GFG.DE) for $151 million in 2017 and the remaining 49% in 2019 for about $130 million.

Emaar is now weighing choices to promote the enterprise both by way of an outright sale or by

Read More
Exit mobile version