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Dubizzle Group Holdings, the main digital classifieds market within the MENA area, has introduced it’ll postpone IPO plans to evaluate “optimum timing”.
The itemizing was deliberate for November 6 on the Dubai Monetary Market and was anticipated to see round 30.34 per cent of the corporate’s complete issued share capital provided to buyers by a mix of recent and current shares.
In a press release, the group mentioned it has obtained robust curiosity from buyers and can have a look at future IPO itemizing.
Dubizzle IPO plans
An announcement mentioned: “Dubizzle Group Holdings PLC, the main digital classifieds market within the MENA area, right now introduced its choice to postpone its deliberate preliminary public providing on the Dubai Monetary Market.
“Since saying its Intention to Float, Dubizzle Group has seen robust engagement and curiosity from buyers, reflecting the Firm’s market management, profitability, and development prospects throughout the UAE and Saudi Arabia.
“Nevertheless, the Firm has determined to postpone its deliberate IPO and assess optimum timing for the providing sooner or later.
“Dubizzle Group stays centered on executing its technique of rising its extremely worthwhile UAE enterprise and increasing its footprint in Saudi Arabia”.
Earlier this week Dubizzle Group reported robust profitability and development within the UAE, its largest and core market.
Via its flagship platforms dubizzle and Bayut, the Group holds a transparent number-one place within the UAE’s real-estate and autos classifieds sectors.
These platforms have grow to be a part of on a regular basis life within the Emirates, linking tens of millions of customers with property businesses, builders, and automobile dealerships by a high-engagement digital ecosystem that creates worth for shoppers and companies alike.
The UAE generated $105m in adjusted income within the first half of 2025, accounting for 89 per cent of Dubizzle Group’s adjusted income.
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