Ayman Tamer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Mumzworld, a Dubai-headquartered mother, baby, and child ecommerce platform, has accepted the proposed acquisition of a majority stake by Tamer Group, a Saudi healthcare distributor. Mumzworld will retain a high degree of autonomy, including the retention of the Mumzworld branding and its founders Mona Ataya and Leena Khalil continuing to drive the business, sit on the board, and remain material shareholders. The proposed transaction, whose financial details have not been disclosed, is subject to formal regulatory clearance from the General Authority for Competition in Saudi Arabia. In a press release, Mumzworld announced the signing of a sales and purchase agreement with the Jeddah-based Tamer Group, highlighting that it deliberately chose to partner with a regional player because it would allow its e-commerce platform to continue to grow in key regional markets and expand its digital foot

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