Key Points
- Dubizzle Group plans to offer a 30.34% stake through an initial public offering (IPO) on the Dubai Financial Market (DFM).
- The IPO will comprise 1.25 billion ordinary shares, including 196.1 million new shares and 1.05 billion shares sold by existing shareholders.
- Subscription for retail and institutional investors opens on 23 October 2025 and closes on 29 October 2025.
- Trading of Dubizzle shares is expected to commence on 6 November 2025.
- The offering is jointly managed by major banks including Abu Dhabi Commercial Bank, Emirates NBD Capital, Goldman Sachs International, and others.
- Prosus N.V., the group’s largest shareholder through OLX B.V., committed to investing $100 million in the offering.
- Dubizzle Group’s CEO Imran Ali Khan highlighted the company’s growth and market presence across the UAE, Saudi Arabia, and wider MENA region.
- Revenues have risen from $104 million in 2022 to $183 million in 2024, with $117 million earnings in the first half of 2025.
- Proceeds from the IPO will be used for settling employee stock ownership plans, supporting mergers and acquisitions, and strategic growth.
- Retail investors will be allocated 3% of the offering; the bulk, 97%, is for qualified institutional investors.
- The company will not pay dividends immediately post-listing, focusing instead on growth reinvestment.
- Dubizzle operates digital classifieds platforms dubizzle (auto and general) and Bayut (real estate), expanding with recent acquisitions like DriveArabia and Hatla2ee.
What Is the Scope of Dubizzle Group’s IPO Offering?
As reported by Brinda Darasha of Gulf News, Dubizzle Group Holdings will float approximately 30.34% of its issued share capital in its IPO, an offering comprising about 1.25 billion ordinary shares. The shares consist of 196.1 million newly issued shares plus 1.05 billion existing shares sold by current shareholders. The total shares post-IPO will amount to 4.12 billion outstanding shares, with trading slated to begin on the Dubai Financial Market (DFM) on 6 November 2025.
The offering introduces a broad shareholder base, equally designed to support the company’s long-term strategic goals and growth ambitions in the regional MENA markets, particularly the UAE and Saudi Arabia where Dubizzle has a dominant presence.
When and How Can Investors Participate in Dubizzle’s IPO?
Dubizzle Group’s IPO subscription window invites both UAE retail and qualified institutional investors to apply from 23 to 29 October 2025, according to Gulf News reporting by Brinda Darasha. Retail investors will subscribe during the first tranche, while professional investors apply in the second tranche. Investors must apply through authorised receiving banks such as Emirates NBD Capital, Abu Dhabi Commercial Bank (ADCB), HSBC Bank Middle East, and EFG Hermes UAE.
Applications require a valid National Investor Number (NIN) from the DFM. Allocations for retail investors, notifications, and refunds of surplus funds will be processed on 4 November 2025, ahead of the first day of trading.
Who Are the Key Financial and Advisory Players in the IPO?
The IPO is jointly managed by several leading financial institutions: Abu Dhabi Commercial Bank, Barclays Bank, EFG-Hermes UAE Limited, Emirates NBD Capital, Goldman Sachs International, HSBC Bank Middle East Limited, and Morgan Stanley & Co. International. Rothschild & Co. serves as the Independent Financial Advisor, while Emirates NBD Capital functions as the Listing Advisor, ensuring regulatory and market compliance.
Prosus N.V., Dubizzle’s largest shareholder through subsidiary OLX B.V., has committed $100 million to the offering, signalling strong investor confidence and alignment with the company’s growth trajectory.
What Are Dubizzle Group’s Recent Financial Performance and Growth Indicators?
According to Gulf News and other sources, Dubizzle Group has shown significant growth with revenues rising from $104 million in 2022 to $183 million in 2024. The first half of 2025 recorded earnings of $117 million, underscoring positive momentum despite market restructuring.
The company’s UAE segment alone posted an adjusted net profit of $43 million for the first half of 2025, reflecting operational efficiency and market strength. Dubizzle’s CEO, Imran Ali Khan, emphasised the company’s position as a leading digital classifieds platform across property, automotive, and general goods sectors in MENA, with over 18 million monthly active users.
What Will Dubizzle Group Do with the IPO Proceeds?
Proceeds from the IPO will be channelled into multiple key areas: settling the employee stock ownership plan, fortifying strategic mergers and acquisitions (M&A), and providing flexibility to support future growth initiatives. The company recently expanded its portfolio through acquisitions such as DriveArabia, Property Monitor, and Hatla2ee, enhancing its digital marketplace ecosystem.
Imran Ali Khan underlined that the listing aims not just to raise capital but to leverage a broader shareholder base to accelerate growth and deepen market presence.
Will Dubizzle Pay Dividends Immediately After Listing?
Dubizzle Group CEO Imran Ali Khan has confirmed to Gulf News that, as a growth-focused company, Dubizzle will not distribute dividends immediately after the listing. Instead, it will reinvest cash flows to support ongoing expansion and operational development.
How Does Dubizzle Group Position Itself in the Market?
Dubizzle Group operates two primary digital classifieds platforms: dubizzle, which focuses on automotive and general listings, and Bayut, specialising in real estate. The group commands significant brand trust in the UAE, Saudi Arabia, and the wider MENA region, offering users seamless access to critical daily-life decisions such as buying homes or cars. The company continues to invest in building its platform portfolio, factors which contributed to the robust revenue growth.
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The Dubizzle Group IPO exemplifies a landmark moment for the regional tech ecosystem, encapsulating investor confidence in digital transformation while reflecting broader economic ambitions for Dubai as a global financial hub.