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

Talabat

Food & Drink

Talabat News

A Talabat courier in Cairo. The Delivery Hero subsidiary also operates in Jordan, Iraq and all six GCC states

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 […]

Talabat drivers at a rest station. The company reported a 46 percent year-on-year increase in Q3 profits

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 […]

talabat ipo

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) […]

A Talabat delivery driver in Doha, Qatar

Talabat focusing on core markets ahead of listing, says CFO

Food delivery app Talabat aims to prioritise organic growth over geographical expansion, its chief financial officer says, as it prepares to launch one of the region’s largest listings. Delivery Hero, the German parent company of the UAE-headquartered app, announced on Monday that it plans to sell a 15 percent stake in Talabat.  The initial public […]

Talabat IPO: it has more than 119,000 riders on its platform

Talabat plans to list 15% on Dubai bourse via IPO

Talabat Holding, a UAE-based online food ordering and delivery platform, plans to list 15 percent of its share capital on the Dubai Financial Market (DFM). Nearly 3.49 billion shares, each with a nominal value of AED 0.04, will be divested through the initial public offering. The shares will be offered by the sole shareholder, Delivery […]

Talabat couriers in Abu Dhabi. The company operates in eight countries across the Mena region

Talabat profits soar ahead of planned IPO

Food delivery company Talabat reported a 46 percent increase in third-quarter profits ahead of its planned IPO.  Delivery Hero, the Berlin-headquartered parent company of the business, said net income reached $98 million in the three months, up from $67 million the previous year. It said the increased profit was due to improved logistics efficiency, continued […]

Nine-month revenue at Spinneys hit a new high of AED2.3 billion, rising 11.4 percent year on year

Spinneys profit rises 25% on UAE and Saudi expansion

UAE supermarket operator Spinneys said net profit attributable rose to AED39.7 million ($10.6 million) in the third quarter, an increase of 25 percent from AED31.8 million a year ago. The profit rise was driven by expansion in the UAE and Saudi Arabia, the roll-out of new concepts and the expansion of its e-commerce offerings. Top […]

Cristiano Ronaldo is the official brand ambassador for Talabat. The company's enterprise value is estimated to exceed $6bn

Three banks shortlisted for Talabat’s Dubai listing

Three banks have been picked to proceed with the proposed listing of food delivery service Talabat on the Dubai Financial Market. Emirates NBD Bank, Morgan Stanley and JPMorgan Chase & Co. will work on the initial public offering (IPO), Bloomberg reported, citing sources familiar with the matter. However, the sources said that final decisions on […]

Talabat was launched 20 years ago in Kuwait, and now operates in eight countries across the Mena region

Talabat food delivery service prepares for Dubai IPO

The food delivery company Talabat is to list on the Dubai Financial Market this year, 20 years after it was founded. The business, which operates in eight countries across the Middle East and North Africa, will pursue an initial public offering in the fourth quarter, according to a filing on the Frankfurt Stock Exchange from […]