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Emaar board to discuss sale of Namishi

DUBAI, August 16, 2022

The Board of Directors of Emaar Properties will meet on Thursday (August 18) to discuss the sale of online fashion retailer Namshi, the company said in a statement to Dubai Financial Market (DFM).
 
"The resolutions of the Board of Directors will be disclosed if and once issued," the statement said.
 
Emaar was first reported to be selling a 50% stake in Namshi last year, a Zawya report said. It fully acquired the e-commerce retailer in 2019, having acquired a 51% stake in 2017.
 
Dubai Holding is now the second largest shareholder in Emaar. -TradeArabia News Service



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