Talabat is a leading on-demand food delivery and Q-commerce platform operating across the MENA region. Founded in 2004 in Kuwait, it serves millions of active customers in nine countries, offering a range of delivery services from food to groceries. Since becoming a subsidiary of Delivery Hero in 2016, Talabat has expanded its reach and innovation, making it a key player in the Middle Eastern e-commerce and delivery industry. early 2021.


Talabat's IPO includes the sale of approximately 3.49 billion shares with an initial nominal value of AED 1.50 to 1.60 per share. The company is aiming for a valuation of up to $14.4 billion. The offering period is set from November 19 to November 28, 2024, with shares expected to start trading on December 10, 2024, on the Dubai Financial Market.


Talabat's growth is driven by a powerful business model that creates a continuous cycle of value. As more customers join, the platform attracts more partners, increasing the variety of available products. This draws more riders, improving delivery times and service quality. With over 56,300 restaurants and 99% order success, Talabat ensures an efficient, personalised experience, offering customers a mix of convenience, reliability, and targeted discounts.

Talabat has experienced remarkable growth, with its gross merchandise value (GMV)skyrocketing fourfold since 2019, reaching AED 22.3 billion in 2023. Revenue increased by 26.6%, and EBITDA grew by 63.4%—demonstrating the company’s robust financial health.

Looking ahead, Talabat plans to strengthen its presence in key markets like the UAE, Saudi Arabia, and Egypt, focusing on further expansion within these regions. With over 6 million active customers and a GMV of $6.1 billion in 2023, Talabat is forecasting continued growth of 22-23% in 2024.

Sources: Arabian Gulf Business Insight, ZAWYA by LSEG, Talabat.com

* Past performance is not a reliable indicator of future results.


Talabat’s IPO is an attractive investment opportunity due to its leadership in a growing market. The company excels in service quality, customer loyalty, and technological innovation, with the backing of Delivery Hero’s reach and expertise. Additionally, Talabat’s experienced management team has a proven execution track record.

Interested investors should review the UAE Prospectus and consult a financial advisor before making any decisions.