Emaar Malls’ first-half earnings show importance of digital as Namshi revenue surges 57%
More online shopping and “exponential growth” in the Saudi market pushed Namshi’s half-yearly revenue to 664 million dirhams ($181 million), up 57% compared to the same period last year.
Namshi’s first-half 2020 revenue has already surpassed 50% of its 2019 takings of 1.028 billion dirhams.
The GCC-focused e-commerce platform retailing clothes, shoes and bags, was fully acquired by Dubai developer Emaar Malls in February 2019 from Global Fashion Group.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
