Exciting News: Dubizzle Group to Launch IPO on Dubai Financial Market, Insha'Allah
Assalamu Alaikum dear friends! Dubizzle Group Holdings PLC has shared plans to offer an initial public offering (IPO) and list its shares on the Dubai Financial Market (DFM), Insha'Allah. This offering will cover about 30.34% of the company’s total shares, including both new shares and those sold by current owners.
The subscription period is set to open on October 23 and will close on October 29, with trading expected to start around November 6. The final price will be decided through a book-building process.
Prosus NV, the biggest shareholder through OLX BV, has pledged to invest $100 million as part of this IPO. Prosus is listed on Euronext Amsterdam and has a market value near $170 billion.
Imran Ali Khan, the CEO of Dubizzle Group, shared that the company plays a big role in the daily lives of millions across the UAE and the MENA region. This IPO is an exciting step to help them grow faster, expand into important markets like Saudi Arabia, and bring lasting benefits to users and shareholders, by the will of Allah.
Famous for platforms like Dubizzle and Bayut, the company attracts around 18 million users every month. Recent acquisitions such as DriveArabia, Property Monitor, and Hatla2ee have boosted their market standing and product range.
Rothschild & Co is acting as an independent financial adviser, while Emirates NBD Capital will serve as listing adviser and joint global coordinator alongside Goldman Sachs, HSBC, and Morgan Stanley. The IPO will be fully compliant with Shariah principles, confirmed by the internal Sharia supervision committee of Emirates NBD Bank.
Funds raised will be used to support staff stock plans, pursue wise mergers and acquisitions, and keep flexibility for future growth, Insha'Allah.
The Middle East, especially the UAE and Saudi Arabia, has seen many IPOs in 2025. For example, UAE’s Alec Holdings raised $381.2 million earlier this month, with strong participation from non-UAE investors. Saudi budget airline Flynas raised about $1.1 billion by selling a 30% stake, one of the largest in the region this year. Other notable IPOs include Dubai Residential Reit with $584 million and Specialised Medical Company raising nearly $500 million on Tadawul.
We pray for success and barakah in these ventures, hoping they benefit the Ummah and contribute positively to our economy. May Allah bless these efforts and help us all prosper with halal and ethical growth.
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