Emaar Malls had previously owned a 51% stake in Namshi after getting into a strategic partnership with Global Financial Group in 2017.
Founded in 2011, Namshi has a 1.2 million active customer base, with an increase of 16% in 2018 in recorded sales across the UAE and Saudi Arabia, compared to 2017. The retailer aims to provide a streamlined experience for its customers, through digital innovation, discounts, and a selection of more than 700 brands available.
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