On Wednesday, Dubizzle Group announced it will delay its initial public offering (IPO) on the Dubai Financial Market.
The company stated the postponement is to evaluate the best timing for the future offering.
Since announcing its intent to list, Dubizzle Group has experienced strong investor interest, highlighting its market leadership, profitability, and growth potential in the UAE and Saudi Arabia.
“Dubizzle Group is committed to its strategy of enhancing its highly profitable UAE operations and expanding its presence in Saudi Arabia,” the company stated.
Stay updated with the latest news. Follow KT on WhatsApp Channels.
Dubizzle Group is the leading digital classifieds marketplace in MENA.
On October 13, Dubizzle Group revealed its IPO plans and listing on the Dubai bourse.
The company intended to offer around 30.34% of its issued share capital, totaling 1,249,526,391 shares, including 196,114,887 new shares and 1,053,411,504 existing ones.
The company’s paid-up share capital, post-offering, is set at Dh82.368 million, split into 4,118,412,630 shares, each valued at Dh0.02.
The UAE is the group’s primary market, generating $105 million in adjusted revenue in H1 2025, 89% of the total, driven by strong recurring revenue from agencies and dealerships. The UAE segment achieved $48 million in adjusted EBITDA in H1 2025, up from $25 million in H1 2024, and reported $43 million in adjusted net profit in H1 2025, up from $21 million in H1 2024, due to disciplined cost management and scalable infrastructure.
“Our UAE business consistently delivers exceptional profitability, with nearly 50% profit margins and 85% cash flow conversion. As an asset-light company, growth translates to solid EBITDA,” said Imran Ali Khan, CEO of Dubizzle Group.
