Reaches Agreement To Acquire

E-commerce platform,, announced that it is on the verge of a ‘definitive agreement’ to purchase web-based and mobile delivery solutions provider,

Souq, a subsidiary of, has previously invested in, before deciding to acquire 100% of the company’s shares.

The acquisition demonstrates the continued commitment of Souq, Amazon and Wing to provide customers with world class experiences, a statement issued by read.

Ronaldo Mouchawar, CEO and co-Founder of said that fast and dependable delivery is key to providing an exceptional online shopping experience.

“ provides customers with more convenience for their same and next day delivery,” he said.

“With Amazon’s support, we are putting all our efforts in providing an ever-improving shopping experience for customers in the Middle East.”

Muzaffar Karabev, CEO and co-Founder of Wing said that the purchase will allow his company to increase investments into its technology, infrastructure and coverage expansion.

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