DUBAI : The group, which earlier this month confirmed plans to offer about 30.34 per cent of its total issued share capital, cited its intent to ensure ideal market conditions for the offering. Despite the delay, Dubizzle said it continues to see “strong engagement and interest from investors,” underscoring confidence in the company’s market leadership, profitability, and growth potential across the UAE and Saudi Arabia.

Dubizzle Group had initially announced on October 13 its intention to float 1.25 billion shares, comprising both newly issued and existing shares, on the Dubai bourse. Upon completion, the company’s paid-up share capital was set at Dh82.368 million, divided into 4.1 billion shares with a nominal value of Dh0.02 each.

The UAE remains Dubizzle’s core market, contributing 89 per cent of adjusted revenue in the first half of 2025. The company generated $105 million in adjusted revenue during the period, buoyed by strong recurring income from agencies and dealerships. Its adjusted EBITDA nearly doubled to $48 million from $25 million a year earlier, while adjusted net profit rose to $43 million, up from $21 million in the same period of 2024.

The group attributed the surge in profitability to disciplined cost management and a scalable business infrastructure.