Dubizzle Group Holdings, the leading digital classifieds platform in the MENA region, has announced a decision to delay its planned initial public offering (IPO) to evaluate the most favourable market conditions.
The IPO, initially scheduled for November 6 on the Dubai Financial Market, was expected to offer around 30.34 per cent of the company’s issued share capital to investors through a mix of new and existing shares.
In its official statement, the group confirmed that it had received strong investor interest and would revisit its IPO plans at a later stage.
Dubizzle Group Holdings PLC stated that while investor engagement has been robust—reflecting the company’s strong market position, profitability, and promising growth outlook in the UAE and Saudi Arabia—it has chosen to delay the offering to ensure the timing aligns with optimal market conditions. The company reiterated its commitment to advancing its strategic goals, including expanding its highly profitable UAE operations and strengthening its presence in Saudi Arabia.
Earlier this week, Dubizzle Group reported continued profitability and solid growth in the UAE, its largest and most important market.
Through its flagship platforms, Dubizzle and Bayut, the company maintains a leading position in the UAE’s real estate and automotive classifieds sectors. These platforms have become integral to everyday life in the country, connecting millions of users with real estate agencies, developers, and car dealerships through a dynamic digital ecosystem that benefits both consumers and businesses.
In the first half of 2025, the UAE market contributed $105 million in adjusted revenue, representing 89 per cent of Dubizzle Group’s total adjusted revenue.
