Al Bustan Nurseries acquires 10% stake in Nabataty

Feb 11, 2024

Riyadh - Sharikat Mubasher: The Saudi-based Al Bustan Nurseries Company acquired a 10% stake in Nabataty, an online store specializing in ornamental plants, the company announced in a statement.

Al Bustan Nurseries did not reveal the value of the deal; however, it stated that this acquisition aligns with its strategy to expand its business, leveraging technology to reach more customers.

Founded in 2018, Nabataty serves customers in the Middle, Eastern, and Western Provinces and plans to expand into more provinces across the Kingdom, in addition to serving both public and private sectors.

Through its gift solutions, Nabataty aspires to tap into new markets, accelerate its growth, and reach new customers.