Cobone.com launches in Saudi Arabia

Press release
Published April 11th, 2011 - 08:50 GMT
With one of the region’s highest internet penetrations and users, Saudi Arabia is ideally placed to benefit from the unique deals offered by Cobone.com
With one of the region’s highest internet penetrations and users, Saudi Arabia is ideally placed to benefit from the unique deals offered by Cobone.com

Having redefined online shopping across a number of cities around the Middle East, Cobone.com, the online source for top deals, will now bring its bargains to Saudi Arabia. Cobone.com offers Saudi residents one of the most fun, social and innovative ways to shop online, and the chance to make the most out of their city.

“Cobone’s expansion to Saudi Arabia is yet another milestone in our growth as the leading regional online brand,” said Paul Kenny, Founder and CEO of Cobone. “We are excited to be able to extend our services to Saudi Arabia and we have a lot of exciting plans that we can’t wait to share with our Saudi customers.”

A company majority owned by Jabbar Internet Group, the region’s leader in e-commerce ventures, Cobone.com provides enormous savings on the best hotels, goods, restaurants, spas and more across the Middle East. A different offer appears each day, allowing members to take advantage of the most sought-after services for at least half the usual price.

The web-based business model uses the power of group purchasing to bring the best goods and services at discounts of 50 to 90 per cent. A certain number of people must participate in each offer before the deal can be activated.

Shoppers are encouraged to invite friends, colleagues and family to join in on daily deals to increase their own chances of completing a purchase. Customers will also be given the flexibility to purchase coupons for themselves or their friends by using a selection of credit cards and cash on delivery in addition to online payment options such as CashU and Paypal, which makes their shopping experience instant, fast, reliable and secure.

Retailers also enjoy huge benefits from the site, which provides a risk-free way to generate and attract a wider custom base at no cost. Already, the site has broken e-commerce records in the Middle East and established a reputation as the best online source for daily deals in the region.

“With one of the region’s highest internet penetrations and users, Saudi Arabia is ideally placed to benefit from the unique deals offered by Cobone.com,” said Thamer Bamieh, Country Manager for Cobone.com in KSA. “We want to support local businesses by increasing their exposure through this innovative way to shop. Cobone.com has already been so successful in surrounding countries and we are looking forward to bringing the best deals locally."

Background Information

Cobone

Launched in July 2010 in Dubai, Cobone is the Middle East’s biggest 'daily deals', or group buying, site featuring daily deals on the best things to do, see, eat and buy in the UAE and Saudi Arabia. 

We have offices in Dubai and Jeddah and employ over 60 staff of over 20 different nationalities, who work hard every day to find you the best savings we can. With over 2.6 million Cobone vouchers bought, we’ve saved our users over $172 million in our 5 year history. We’ve been an innovative leader during this time in the development of transactional E-commerce in the Middle East. 

Jabbar Internet Group

Jabbar Internet Group operates Web sites. The company offers Arabic/English Web-based email service, as well as community services consist of email, discussion forums, news, blogs, chat, matrimonial services, games, mobile services, women content, and sports content.

It also provides Arabic search engine on the Internet; prepaid Internet payment services; and online market research services, as well as operates Arabic auction and online eCommerce marketplace. Jabbar Internet Group was formerly known as Maktoob Group and changed its name in November 2009.

The company was founded in 1998 and is based in Amman, Jordan with additional offices in Dubai, Saudi Arabia, Egypt, and Kuwait.

Companies under the Jabbar Internet Family include: Souq.com, Ikoo.com, CashU.com, Tahadi Games, Sukar.com, and Cobone.com.

 

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