Talabat, a subsidiary of German delivery hero, announced its intention to offer 15% of its capital, equivalent to 3.5 billion shares, for public subscription on the Dubai market.
The nominal value of the share is 0.04 dirhams. The subscription period begins on November 19 and ends on the 27th of the same month. The share will be listed and traded on December 10, according to the company’s expectations.
The company said in its statement today, Monday, November 11, that it will distribute profits of no less than 367 million dirhams in April 2025 for the fourth quarter of 2024, and it also intends to distribute profits of no less than 1.47 billion dirhams in two installments in October 2025 and April 2026.
The company aims to distribute 90% of net income. The number of Talabat customers by the end of last September exceeded 6 million active customers, more than 65 thousand active restaurants and grocery and retail suppliers, and more than 119 thousand active delivery drivers.
The company's revenues grew by 32% in the first nine months of this year to reach 7.6 billion dirhams.
