
noon is operated by Noon AD Holdings One Person Company LLC and is jointly backed rather than solely owned by Saudi Arabia's Public Investment Fund. PIF took a 50 percent stake at launch. Founder Mohammed Alabbar and other regional private investors held the other 50 percent, and both PIF and Alabbar participated in later funding. Current detailed percentages beyond the original split are not fully public.
Parent Company
Noon AD Holdings One Person Company LLC
Founded
2016
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| noon | Noon AD Holdings One Person Company LLC | Subsidiary |
Mohammed Alabbar announced noon in 2016 as a regional e-commerce platform backed by $1 billion in initial funding. PIF joined with a 50 percent interest. The platform launched in Saudi Arabia and the United Arab Emirates in 2017 and later expanded to Egypt.
noon added grocery, food delivery, quick commerce, payments, and logistics services. It also acquired regional assets, including Namshi, while continuing to raise capital from its principal backers.
Who owns Noon?
Noon is owned by the Saudi Public Investment Fund (PIF), which holds approximately 50%, and Mohammed Alabbar, who holds the remainder alongside other investors including Alshaya Group. Alabbar is the founder and also serves as chairman of Emaar Properties. The company has raised $2.7 billion in total funding, including a $500 million round in December 2025. Noon is privately held and not listed on any stock exchange.
Is Noon publicly traded?
No, Noon is a privately held company. It is not listed on any stock exchange. However, founder Mohammed Alabbar has publicly stated that Noon is targeting a dual IPO in the UAE and Saudi Arabia within two years. The company is working to demonstrate profitability before proceeding with the listing, as Alabbar has said investors no longer accept the long-term loss-making model common in Silicon Valley e-commerce.
When was Noon founded?
Noon was founded in 2016 by Mohammed Alabbar with backing from the Saudi Public Investment Fund. The platform launched publicly in late 2017 in the UAE and Saudi Arabia. The company was created in direct response to Amazon's acquisition of Souq.com, the leading Middle Eastern e-commerce platform, for $580 million.
What countries does Noon operate in?
Noon operates in three core markets: Saudi Arabia, the United Arab Emirates, and Egypt. The company has focused on these three countries rather than pursuing broader regional expansion. India has been identified as a potential future expansion target, though no specific timeline has been announced.
What is Noon's revenue?
Noon does not publicly disclose its financial statements as a private company. However, the company generated an estimated $5 to $6 billion in gross merchandise value (GMV) during 2024. Founder Mohammed Alabbar told the Financial Times in September 2025 that the company was "almost" profitable. The company has raised $2.7 billion in total funding and was last valued at close to $10 billion.
What is Namshi?
Namshi is a fashion-focused e-commerce platform that Noon acquired in 2019 for an undisclosed amount. Namshi was previously backed by Global Fashion Group and operates as a separate brand within the Noon ecosystem, focusing on fashion, footwear, and beauty products. The acquisition gave Noon an established position in online fashion retail across the Middle East.
How does Noon compete with Amazon?
Noon competes with Amazon by emphasizing its regional focus, Arabic-language interface, local seller network, and understanding of Middle Eastern consumer preferences. The company also benefits from PIF backing, which provides financial resources and strategic alignment with Saudi Arabia's Vision 2030. Noon has diversified beyond pure e-commerce into food delivery, quick commerce, and payments, creating a broader ecosystem than Amazon's regional operations.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Alibaba | Pakistan | 2012 | Mass market | Asia pacific | All Genders | |
| Shein | Singapore | 2012 | Mass market | Global | All-consumers | |
| Sea Limited | Singapore | 2015 | Mass market | Asia pacific | All Genders | |
| Qoo10 Wish | USA | 2010 | Mass market | Global | All Genders |
Retail EcommerceOwned by Alibaba Group Holding Limited
South Asian e-commerce marketplace brand wholly owned by Alibaba Group.
Fashion ApparelOwned by Shein
Global online fashion and lifestyle brand operated by Singapore-headquartered Shein, known for an on-demand retail model and broad international reach.
Retail EcommerceOwned by Sea Limited
Southeast Asian and Brazilian e-commerce marketplace brand owned by Sea Limited.
Retail EcommerceOwned by Qoo10 Wish Pte. Ltd.
Discount-oriented mobile marketplace sold by ContextLogic in 2024 and now associated with Qoo10 Wish Pte. Ltd.
Market Positioning: noon competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Looking for brands with different ownership structures? These similar brands are not owned by Noon AD Holdings One Person Company LLC, giving you alternative choices that support different corporate structures.
Retail EcommerceOwned by Casey's General Stores, Inc.
American convenience store chain known for made-from-scratch pizza, operating approximately 2,950 stores across 19 states and headquartered in Ankeny, Iowa.
Casey's General Stores operates independently without a large parent corporation.
Retail EcommerceOwned by Alibaba Group Holding Limited
South Asian e-commerce marketplace brand wholly owned by Alibaba Group.
Daraz is owned by Alibaba Group Holding Limited, a public company, a different structure than noon's parent.
Retail EcommerceOwned by Petco Health and Wellness Company, Inc.
American pet specialty retailer offering pet supplies, food, services, and veterinary care through retail stores and e-commerce, focusing on pet health and wellness.
Petco operates independently without a large parent corporation.
Retail EcommerceOwned by Rural King
Family-owned farm and home retail brand operated by RK Holdings, LLP across more than 150 stores in the eastern and midwestern United States.
Rural King operates independently without a large parent corporation.
Retail EcommerceOwned by Sheetz, Inc.
Family-owned convenience store chain operating over 800 stores across seven states, known for made-to-order food and 24/7 service, headquartered in Altoona, Pennsylvania.
Sheetz operates independently without a large parent corporation.
Retail EcommerceOwned by Sea Limited
Southeast Asian and Brazilian e-commerce marketplace brand owned by Sea Limited.
Shopee is owned by Sea Limited, a public company, a different structure than noon's parent.
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