Company Insights Talabat Food & Drink Talabat Overview Talabat, an online food ordering and delivery company founded in Kuwait in 2004, is a leading platform in the Mena region. It operates across Kuwait, Saudi Arabia, Bahrain, UAE, Oman, Qatar, Jordan, Egypt and Iraq. Since its acquisition by the German company Delivery Hero in 2015, Talabat has grown into a regional leader, offering food, groceries and retail delivery services. Talabat has more than 6 million active customers, 65,000 partners and 119,000 riders. It offers over 56,000 restaurants and 9,500 local shops on its platform. In 2010 it rebranded from 6alabat.com to Talabat.com and in 2020 it bought the Egyptian food delivery service Otlob. Talabat has concentrated on expanding its position in its key areas, leveraging urbanisation, a young population and rising online activity. Talabat is now preparing for a December Dubai Financial Market listing. Delivery Hero set its final IPO price at AED 1.60 ($0.44) per share, enabling the company to raise AED7.5 billion ($2 billion). Following strong investor demand, Talabat’s IPO was increased from 15 percent to 20 percent. Following the IPO, Talabat plans to pay a minimum dividend of AED367.25 million in April 2025. It is targeting a minimum dividend of AED 1.5 billion in 2025, split into two payments in October 2025 and April 2026. Talabat News Opinion Markets UAE capital markets are well placed for a stellar year Investor confidence and strong GDP growth point to a good 2025 January 14, 2025 Analysis Banking & Finance Strong post-IPO performance bodes well for Saudi flotations Recently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation. Since the start of 2024, there have been 14 IPOs in Saudi Arabia that raised more than $100 million, according to data compiled by AGBI and London […] January 14, 2025 Analysis Finance Private companies lead Gulf IPOs to raise $12bn in 2024 Gulf initial public offerings raised a combined $12.1 billion last year as companies across myriad sectors including retail, healthcare, energy and financial services went public, deepening and broadening the region’s stock markets. High subscription levels for 2024’s diverse listings demonstrate strong investor interest in gaining exposure to the Gulf’s oil and non-oil economies. There were […] January 7, 2025 Opinion Entrepreneurs Top Middle East startup trends for 2025 Investors will continue to be hesitant, but funding activity is likely to pick up after the cut in US interest rates January 6, 2025 Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024 Analysis Markets Talabat and Lulu post-listing slump dims allure of UAE IPOs Talabat and Lulu Retail Holdings were the UAE’s biggest initial public offerings (IPOs) in 2024, raising $3.75 billion amid huge investor demand. But the stock prices of both companies have slid since listing on the Dubai and Abu Dhabi bourses respectively, threatening investor confidence in future UAE flotations involving privately run companies. It has also […] December 23, 2024 Real Estate Property Finder ‘likely’ to go public, says CEO Property Finder, a real estate platform in the Middle East and North Africa, is likely to go public, Michael Lahyani, its CEO, said. “It’s not something that we’re actively working on, but Property Finder is likely to be a public company at some point,” he said at Abu Dhabi Finance Week on Monday. “It’s just […] December 9, 2024 Analysis Markets Mena delivery app Talabat outperforms its German parent When Talabat makes its debut on Dubai Financial Market next week, the food delivery app will be worth nearly as much as its parent company despite providing only about a quarter of Delivery Hero’s revenue. This might suggest Talabat’s initial public offering (IPO) was overpriced but a closer look at both companies’ earnings shows otherwise […] December 4, 2024 Markets Talabat to raise $2bn from IPO as price is finalised Germany’s Delivery Hero has set the price for the initial public offering (IPO) of Talabat, its Mena-based food delivery company, at the top of the range. The final IPO price was set at AED 1.60 ($0.44) per share, enabling the company to raise AED7.5 billion ($2 billion). Following strong investor demand, Talabat increased its IPO […] November 29, 2024 Markets Talabat to raise $1.5bn from Dubai listing The parent company of food delivery app Talabat, is expected to raise AED5.2 billion to AED5.6 billion ($1.4 to $1.5 billion) in gross proceeds from its Dubai Financial Market listing. Delivery Hero Mena Holding is offering more than 3.49 billion shares from November 19-28, with the price range set between AED1.50 and AED1.60 ($0.40 and £0.43) […] November 19, 2024 Posts navigation 1 2 … 4 Next
Opinion Markets UAE capital markets are well placed for a stellar year Investor confidence and strong GDP growth point to a good 2025 January 14, 2025
Analysis Banking & Finance Strong post-IPO performance bodes well for Saudi flotations Recently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation. Since the start of 2024, there have been 14 IPOs in Saudi Arabia that raised more than $100 million, according to data compiled by AGBI and London […] January 14, 2025
Analysis Finance Private companies lead Gulf IPOs to raise $12bn in 2024 Gulf initial public offerings raised a combined $12.1 billion last year as companies across myriad sectors including retail, healthcare, energy and financial services went public, deepening and broadening the region’s stock markets. High subscription levels for 2024’s diverse listings demonstrate strong investor interest in gaining exposure to the Gulf’s oil and non-oil economies. There were […] January 7, 2025
Opinion Entrepreneurs Top Middle East startup trends for 2025 Investors will continue to be hesitant, but funding activity is likely to pick up after the cut in US interest rates January 6, 2025
Opinion Banking & Finance Bridging the missing middle of Gulf startup funding As investment opportunities multiply, there will be increasing need for intermediate growth capital December 23, 2024
Analysis Markets Talabat and Lulu post-listing slump dims allure of UAE IPOs Talabat and Lulu Retail Holdings were the UAE’s biggest initial public offerings (IPOs) in 2024, raising $3.75 billion amid huge investor demand. But the stock prices of both companies have slid since listing on the Dubai and Abu Dhabi bourses respectively, threatening investor confidence in future UAE flotations involving privately run companies. It has also […] December 23, 2024
Real Estate Property Finder ‘likely’ to go public, says CEO Property Finder, a real estate platform in the Middle East and North Africa, is likely to go public, Michael Lahyani, its CEO, said. “It’s not something that we’re actively working on, but Property Finder is likely to be a public company at some point,” he said at Abu Dhabi Finance Week on Monday. “It’s just […] December 9, 2024
Analysis Markets Mena delivery app Talabat outperforms its German parent When Talabat makes its debut on Dubai Financial Market next week, the food delivery app will be worth nearly as much as its parent company despite providing only about a quarter of Delivery Hero’s revenue. This might suggest Talabat’s initial public offering (IPO) was overpriced but a closer look at both companies’ earnings shows otherwise […] December 4, 2024
Markets Talabat to raise $2bn from IPO as price is finalised Germany’s Delivery Hero has set the price for the initial public offering (IPO) of Talabat, its Mena-based food delivery company, at the top of the range. The final IPO price was set at AED 1.60 ($0.44) per share, enabling the company to raise AED7.5 billion ($2 billion). Following strong investor demand, Talabat increased its IPO […] November 29, 2024
Markets Talabat to raise $1.5bn from Dubai listing The parent company of food delivery app Talabat, is expected to raise AED5.2 billion to AED5.6 billion ($1.4 to $1.5 billion) in gross proceeds from its Dubai Financial Market listing. Delivery Hero Mena Holding is offering more than 3.49 billion shares from November 19-28, with the price range set between AED1.50 and AED1.60 ($0.40 and £0.43) […] November 19, 2024
