Dubizzle announces IPO, to list on DFM

Dubizzle Group Holdings, a digital classifieds marketplace, on Monday announced its plan to proceed with an initial public offering (IPO) and to list on the Dubai Financial Market (DFM).

- Waheed Abbas [e-mail]

The Dubai Financial Market. The shares of Dubizzle are expected to trade on or around November 6, 2025, on the Dubai bourse.

(FILE PHOTO)

The company aims to offer approximately 30.34 per cent of its total issued share capital, which includes both new shares issued by the company and existing shares sold by current shareholders.

This is equivalent to a total of 1,249,526,391 shares, comprising 196,114,887 new shares to be issued and sold by the company and 1,053,411,504 existing shares to be sold by the company’s selling shareholders.

The paid-up share capital of the company, upon the completion of the offering, has been set at Dh82.368 million, divided into 4,118,412,630 shares, with the nominal value of each share being DhO.02.

The company’s ability to pay dividends is dependent on a number of factors, including the availability of distributable reserves and its capital expenditure plans and other cash requirements in future periods. There is no assurance that the company will pay dividends or, if a dividend is paid, what the amount of such dividend will be, it said on Monday.