Skip to content Skip to Search
Skip navigation
Food & Drink
Company Insights

Talabat

Talabat News

Analysts hope to see more companies listing in both Dubai and Saudi Arabia in the future

More dual listings expected as IPO trend continues

Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […]

The Berlin-based food delivery company, which bought Talabat in 2015, said it will pay off its convertible bonds Delivery Hero

Delivery Hero to use Talabat IPO earnings to clear bonds

Delivery Hero is to buy back about €1 billion ($1 billion) in bonds using proceeds from last year’s Talabat IPO on the Dubai Financial Market. The Berlin-based food delivery company, which bought Talabat in 2015, said it will pay off its convertible bonds due in 2025 and 2026 and up to €350 million for 2027 […]

Foreign investors contributed 50 percent of DFM's total trading value in 2024 compared to 47 percent in 2023

DFM earnings rise 14% on robust trading volume

Dubai Financial Market Company, the operator of the Dubai stock exchange, has announced a net profit increase of 14 percent year on year for 2024. The result was driven by robust trading volumes from retail and institutional investors and strong capital inflows, it said. The bottom line stood at AED376.4 million ($102.5 million) last year […]

A diabetes awareness event organised by the Dr Soliman Abdel Kader Fakeeh Hospital; the Saudi medical company conducted the largest IPO, selling 21.5 percent of its stock for $764 million

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 […]

Gulf IPOs, GCC IPOs 2024, Gulf IPO, GCC IPO

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 […]

Young nervous professional crypto analyst looking at screens and analyzing for day trading or margin trading, altcoin and bitcoin concept

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 […]

Property Finder operates websites across Mena serving more than 5.5 million monthly active users

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 […]