MHD invests in Nabay.com - Wamda
Summary
Mohsin Haider Darwish, one of the largest and pioneering business houses in the Sultanate of Oman, has signed an agreement to become a significant shareholder in the unique innovative global online marketplace – Nabay.com. “As we step into the next stage of our growth, though available globally, we are looking forward to focusing our marketing efforts into the Middle East, starting with the UAE. As an innovative platform with an already strengthening online presence, Nabay.com is primed to win significant market share in the Middle East. This investment is in line with our strategy and goal to diversify our business, deepen our connections within the market, as well as create the next wave of retail innovation in the region.” Mohammed Al Kharusi added, “With this move, and backed by an ever-evolving tech-savvy customer base, incomparable brand equity, and long-standing relationships with top brands and retailers across the Middle East, we will work closely with Nabay.com to advance and redefine the online shopping ecosystem in the region. We are confident that the Nabay.com team’s expertise, combined with their user experience-focused approach, will provide customers with an unmatched shopping experience and set it on a path for unprecedented growth in the near future.”