Dubizzle announces its intention to list its shares on the Dubai Financial Market

Dubizzle Group Holding PLC (“Dubizzle Group” or the “Company”, together with its subsidiaries referred to as the “Group”), the leading digital marketplace group for classified advertising in the Middle East and North Africa region, today announced its intention to proceed with an initial public offering (the “Initial Public Offering” or the “Offering”) and list its ordinary shares (“Shares”) for trading on the Dubai Stock Exchange. Financial (“Market”).

The Dubizzle Group, through its two main leading platforms, “Dubizzle” and “Bayut,” is a well-established name in the UAE, as it allows, through its integrated digital system, to connect individuals and companies, including sellers and advertisers, on the one hand, and potential buyers, on the other hand, within vital sectors, especially real estate and cars.

Dubizzle is classified as the leader in the car classifieds market in the UAE, and the group ranks first in the real estate classifieds market within the country, which reflects its established position as the primary choice for real estate agencies, car dealers and users alike.

Main points of the proposal:
● The offering represents approximately 30.34% of the total issued shares in the company’s capital.
● The offering includes the sale of new shares issued by the company, in addition to existing shares owned by existing shareholders.
● The final offering price is determined through the process of creating a book of subscription orders during the subscription period.
● The subscription period is scheduled to begin on October 23, 2025, and end on October 29, 2025 for both individual investors in the UAE and professional investors, and it is expected that the subscription will be priced and allocated to professional investors on October 30, 2025.
● The Shares are expected to be admitted for trading on the Dubai Financial Market (“Admission”) on or about 06 November 2025.
● Prosus NV, one of the largest shareholders (through its subsidiary OLX PV), has committed to investing $100 million in the IPO as part of the offering, reflecting its continued strategic support for Dubizzle Group.

● The offering complies with the principles of Islamic Sharia.
Commenting on the upcoming offering, Dubizzle Group CEO Imran Ali Khan said.

“Dubizzle Group is the leading marketplace for digital classified ads in the Middle East and North Africa region, attracting 18 million monthly active users across various sectors including real estate, cars, general goods, and others. Our platforms have been closely linked to the daily lives of individuals in the UAE, Saudi Arabia, and the rest of the Middle East and North Africa region, as ‘Dubizzle’ and ‘Bayut’ are among the most popular digital brands.” and credibility in the region. Our platforms help users every day to make critical decisions in their lives, such as buying a house or car or launching a new business, by providing an integrated and easy-to-use digital experience.

We are proud of our partnership with thousands of real estate agencies, developers and car dealers, as we enable them to reach their target audience more efficiently and support the development of their businesses. Through innovative digital solutions that support market development and enhance the level of transparency and credibility.

Khan explained, saying:
“The initial public offering represents a new and important stage in the Dubizzle Group’s journey, as we aim, by expanding our shareholder base, to accelerate the pace of growth, enhance our presence in the markets in which we are active, and achieve sustainable value for our users, customers, employees, and shareholders alike.”

Prosus investment
Prosus NV, the largest shareholder of Dubizzle Group (through its subsidiary OLXPV), has committed to investing US$100 million in the group’s initial public offering. This investment comes as part of the offering process, and reflects the company’s ongoing and long-term support for the Dubizzle Group.

Commenting on this investment, Fahd Baig, Head of Investments at Prosus, said: “Since our first investment in the Dubizzle Group in 2011, we have witnessed its growth into the leading classified advertising platform in the region. This offering represents an important achievement and tangible evidence of the vision and competence of the Dubizzle leadership team. We are therefore pleased to provide support in the next chapter of the growth journey of this leading local group in the field of technology.”
Prosus is the engine of the world’s most prominent lifestyle e-commerce brands, enabling more than two billion customers around the world to benefit from artificial intelligence technologies. It is listed on Euronext Amsterdam with a market capitalization of approximately $170 billion.

Offering details:
Dubizzle Group intends to offer 30.34% of the total issued shares in its capital, equivalent to 1,249,526,391 shares, consisting of 196,114,887 new shares issued and sold by the company (“New Shares”), in addition to 1,053,411,504 shares sold by the selling shareholders of the Company (“Offering Shares”). Both the Company and the Selling Shareholders reserve the right to amend the size of the offering and the size of any tranche at any time before the end of the subscription period at their sole discretion, in accordance with the applicable laws of the UAE and notification of the Securities and Commodities Authority (the “Authority”).

The offering will include the following:
● The public offering (“UAE Individual Subscription”) to individual investors in the United Arab Emirates and other investors who hold a national investor number with the Dubai Financial Market (as defined in the prospectus in the United Arab Emirates and referred to as “First Tranche” subscribers), represents 3% of the total offering (equivalent to 37,485,791 shares).

● An offering to qualified institutional investors and other investors in a number of countries, including the UAE (as defined in Securities and Commodities Authority Board of Directors Resolution No. 13/R.M of 2021 (as amended), as defined in the prospectus in the United Arab Emirates and referred to as the “Qualified Investors Offering” or “Second Tranche”), representing 97% of the total offering (equivalent to 1,212,040,600 shares)
The subscription period for the two segments of individuals in the UAE and qualified investors is scheduled to extend from October 23, 2025 until October 29, 2025.

The final offering price for the share (“final offering price”) will be determined during the process of building the subscription order book, so that investors participating in the initial public offering of shares in the UAE will subscribe at the final specified offering price.
The offering is expected to be completed and listed accepted on or about November 6, 2025, subject to market conditions and obtaining the necessary regulatory approvals in the UAE, including acceptance approval for subscription and trading on the Dubai Financial Market.
Subject to the terms of the individual share sale agreements and the underwriting agreement to be entered into between the Company and the Joint Bookrunners prior to the Listing Date, the Shares held by the Selling Shareholders will be subject, subject to customary exceptions, to a lock-up period for a period beginning on the Listing Date and ending after 180 days in relation to the Company and 365 days in relation to the Selling Shareholders.

In addition, existing shareholders of Dubizzle Group who are not participating in the Offering (“Non-Selling Shareholders”) will sign no-sale agreements with the joint bookrunners prior to the Listing Date (“No-Sale Agreements”) under which the shares they own will be subject to a no-sale period starting from the Listing Date until the expiry of 365 days thereafter.

The principal use of the net proceeds from the offering received by the Company will be (i) the settlement of the employee stock ownership plan; (ii) financing strategic merger and acquisition opportunities; and (3) maintaining strategic flexibility for future growth.

In connection with the Public Offering, the Company and the Selling Shareholders will appoint The stock is on the Dubai Financial Market.

Following the offering, the company will appoint xCube LLC as a liquidity provider to list its shares on the Dubai Financial Market. This appointment will contribute to enhancing the tradability of Dubizzle Group shares by enhancing price stability and ensuring the availability of sufficient trading volumes at various price levels. Improving liquidity will also enhance the attractiveness of Dubizzle Group shares to a broader base of investors, allowing broader trading flexibility for shareholders.

Details of the Offering will be published in an Arabic-language subscription prospectus (the “UAE Prospectus”) and a public offering announcement (the “Public Announcement”) in relation to the Offering to individual subscribers in the UAE, and in an international Offering Memorandum issued in the English language in relation to the Offering to professional investors. The public announcement and prospectus were published in the UAE today, and the international offering memorandum is expected to be published in due course. The subscription prospectus in the UAE and the international offering memorandum will be available on the website: http://ipo.dubizzlegroup.com/
Rothschild & Co. has been appointed as an independent financial advisor.

Emirates NBD Capital PJSC was also appointed as the listing advisor.

Emirates NBD Capital PJSC, Goldman Sachs International, HSBC Bank Middle East Limited and Morgan Stanley & Co. International have been appointed as joint international coordinators and joint bookrunners.
Abu Dhabi Commercial Bank PJSC, Barclays Bank PLC, EFG Hermes UAE Limited (jointly with EFG Hermes UAE LLC), Emirates NBD Capital PJSC, Goldman Sachs International, HSBC Bank Middle East Limited and Morgan Stanley & Co. were appointed. International as joint bookrunners.

Emirates NBD Bank PJSC has been appointed as the lead receiving bank for the offering. Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Al Mariah Local Bank PJSC, Dubai Islamic Bank PJSC, Emirates Islamic Bank PJSC, First Abu Dhabi Bank PJSC, Mashreq Bank PJSC, and U Bank PJSC were also appointed as receiving banks.

The Internal Sharia Supervisory Committee of Emirates NBD Bank PJSC issued Data confirming that the proposal is compatible with the principles of Islamic Sharia from its point of view. Emphasizing that investors must conduct the necessary investigations to ensure that the offering is compatible with Islamic Sharia for their own purposes.