talabat UAE Public Offering

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MENA’s Leading On-Demand Delivery Platform

Over the past two decades, talabat has grown to become the leading food ordering, delivery, takeaway and groceries and convenience retail marketplace in the MENA region, with more than 6 million active customers across eight countries for the month of September 2024.

Subscriptions will open on 19 November 2024
Intention to float announcement
11 November 2024
Price Range & Subscriptions Open
19 November 2024
Retail subscriptions closure
27 November 2024
Announcement of Final Offer Price
29 November 2024
Allocation and Refunds
6 December 2024
Expected Listing on DFM
10 December 2024
Market
DFM
Read Prospectus

Key Facts & Figures

> 6 million
active customers

>65,000
active partners

>480
technology and product experts

AED 19.8 billion
Gross Merchandise Value (GMV)

>AED 367 million
proposed Q4 2024 dividends

>AED 1.5 billion
proposed FY 2025 dividends

Leaders in a highly attractive and under-penetrated market with the highest order volumes and widest geographic reach in MENA

Business model benefiting from powerful local network effects, driving growth, service quality and platform loyalty

Attractive financial profile with a robust growth track record

Pioneers in technological innovation with the ability to leverage the reach, experience and expertise of our parent company, Delivery Hero

Passionate and highly experienced management team with over 40 years of combined c-suite management experience and proven execution capabilities

>119,000 active riders

AED 1.3 billion Adjusted EBITDA

AED 1.3 billion Adjusted Free Cash Flow

>90% cash conversion

IPO subscriptions, simplified

IPO applications processed instantly in real time on the app with no extra steps.

Download ENBD X via App Stores

  1. Log in to ENBD X and select "Transfer/Pay".
  2. Scroll down to "Payments" select "IPO subscription".
  3. Select IPO name.
  4. Select Category/Tranche.
  5. Enter your Investor Number.
  6. Agree to the “Terms and Condition”.
  7. Select broker name and input the amount.
  8. Review the details on Summary screen.
  9. Authorize the transaction using your smart pass PIN.
  10. You’ll receive IPO payment confirmation along with the reference and application number.

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers

S.No Branch Name Area Working Hours IPO Subscription Hours Location Contact
1 Deira Branch Dubai Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 2:00 PM)

Ground Floor, new Emirates NBD Building at Abra Rd, Deira, Dubai
600 5400 00
2 Jumeirah Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai
800 3623 476
3 Al Qusais Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Damascus St, Near Dubai Grand Hotel, Al Qusais, Dubai
800 3623 476
4 Abu Dhabi Main Branch Abu Dhabi Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 1:00 PM)

Ground Floor, Al Neem Building, Shaikh Khalifa street , Abu Dhabi
800 3623 476
5 Al Muroor Branch Abu Dhabi Monday to Saturday
(8:00 AM - 8:00 PM)
Monday to Saturday
(8:00 AM - 1:00 PM)

New Airport Road, Muroor, Abu Dhabi
800 3623 476
6 Al Ain Main Branch Abu Dhabi Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain
800 3623 476
7 Ajman Branch Ajman Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman
800 3623 476

Anyone with a valid Investor Number (NIN) and a registered mobile number in the related market in addition to your bank account details can subscribe to an IPO. You don’t need to be an Emirates NBD customer to participate.

An National Investor Number (NIN) is a unique identifier assigned to investors trading in the stock market. If you don’t have a NIN, you can open an Emirates NBD Securities account, and a NIN will be generated for you automatically for each market. (DFM, ADX, Tadawul)

Yes, you can subscribe to IPOs through our IPO portal even if you are not an Emirates NBD customer.

You can subscribe to IPOs through our IPO website, ENBD X mobile app and ATMs.

You can pay using:

  • For Emirates NBD Account Holders:
    • ATM
    • ENBD X Mobile App
  • For other Account Holders:
    • Payment Gateway System (UAEPGS)
    • Fund Transfer System (UAEFTS)
    • SWIFT

Once the IPO subscription has been confirmed and processed, it cannot be modified. Please review all details carefully before submission. Correct

In the event of an oversubscription, the allocation of shares is subject to the IPO’s allotment process. Any unallocated funds will be refunded to your account.

Yes, you will receive an email confirmation and SMS notification with your application number and a reference number once your subscription is processed.

Yes, you can subscribe to multiple IPOs simultaneously through our platform (if available), provided you meet the requirements for each IPO.

The minimum or maximum investment amount depends on the specific IPO. Please check the details of the IPO offering and read the prospectus for more information.

Yes, our dedicated IPO help line is available to assist you with any questions during the IPO subscription process. For any inquiries, please call: 800ENBDIPO (8003623476).

Meet the leading brokerage firm in the region:
Emirates NBD Securities

If you don't have an Investor Number (NIN) in the market, you can easily open a trading account with Emirates NBD Securities in three steps. Your NIN will be automatically generated, allowing you to participate in IPOs and start trading instantly.

Benefit from comprehensive solutions with Emirates NBD Securities and enjoy a seamless experience that gives you access to key markets across the MENA region through dedicated channels.

Get your NIN and trading account now