Funding daily

E-commerce platform Noon set to raise $2 Billion from PIF and other investors

What is Noon?

Noon is an e-commerce platform operating in the Middle East.

What does Noon do?

The company provides a digital ecosystem of products and services ranging from online shopping to food delivery and mobile payments. Noon operates in the United Arab Emirates, Saudi Arabia, and Egypt and is looking to expand in other nations across the Middle East.

Who owns Noon?

Noon.com is 50 percent owned by the Saudi sovereign wealth fund and 50 percent owned by Mohamed Alabbar and other regional private investors.

How much has Noon raised?

Mohamed Alabbar announced plans to invest $2 billion in the company over the next three years. He had previously raised $1 billion to launch the platform in partnership with Saudi Arabia’s Public Investment Fund (PIF) and other private investors.

Who has invested in Noon?

Public Investment Fund is one of the original backers and leading investors.

What domain name does Noon operate on?

Noon is operating on the exact brand match Noon.com domain name.

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Monica Stankova

Mama of a baby blue-eyed angel, exploring her newly discovered passion for domains and branding. Lover of long walks and a good night's sleep.

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