Dubizzle Group, the leading digital classifieds marketplace in the Middle East and North Africa (MENA), has announced the postponement of its planned initial public offering (IPO) on the Dubai Financial Market. The decision, revealed on Wednesday, October 22, 2025, aims to evaluate the most favorable timing for the offering in the future. Despite the delay, the company emphasized strong investor engagement and interest, underscoring its market leadership, profitability, and growth potential across the UAE and Saudi Arabia.
Since its initial announcement to float, Dubizzle Group has garnered significant attention from investors, reflecting confidence in its strategic direction. The company remains committed to expanding its highly profitable UAE operations and increasing its presence in Saudi Arabia. In a statement, Dubizzle Group reiterated its focus on executing its growth strategy while maintaining disciplined cost management and scalable infrastructure.
Originally, the IPO was set to offer approximately 30.34% of the company’s total issued share capital, equivalent to 1,249,526,391 shares. This included 196,114,887 new shares issued by the company and 1,053,411,504 existing shares from selling shareholders. The paid-up share capital post-offering was projected at Dh82.368 million, divided into 4,118,412,630 shares with a nominal value of Dh0.02 each.
The UAE remains Dubizzle Group’s core market, generating $105 million in adjusted revenue during the first half of 2025, accounting for 89% of its total adjusted revenue. The region also delivered $48 million in adjusted EBITDA, up from $25 million in H1 2024, and $43 million in adjusted net profit, a significant increase from $21 million in the same period last year. CEO Imran Ali Khan highlighted the company’s exceptional profitability, with nearly 50% profit margins and 85% cash flow conversion, attributing these results to its asset-light business model and efficient growth strategies.
Dubizzle Group’s decision to delay the IPO reflects a cautious yet strategic approach to maximize shareholder value and capitalize on favorable market conditions in the future.