The company’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month
The German firm initially planned to raise $1.52bn (Dhs5.6bn) by offering a 15 per cent stake in Talabat
The indicative share price of Dhs1.50 and Dhs1.60 per share implies a market valuation of around Dhs37.3bn at the top of the range
The offer period runs from November 24 to December 8, and the trading debut on the Bahrain Bourse is scheduled for December 19
Delivery Hero is offering 3.5 billion shares in Talabat at a nominal value of Dhs0.04 apiece, representing 15 per cent of its total issued share capital
The IPO remains subject to market conditions and regulatory approval from the Securities and Commodities Authority
Talabat’s collaboration with the TikTok star aims to target Egypt’s young demographic while expanding its reach
Women should appreciate their own value and emulate that belief in everything they feel, think, do or say
Customers can now upload their prescriptions on talabat and have them delivered to their doorsteps in 90 minutes
With over 100,000 square feet in space, the headquarters houses almost 2,000 employees
Zomato’s mail also said that it would launch Zomato’s loyalty programme ‘Zomato Pay’ along with its ‘Vibe Check’ feature on its app
This came after a six-month trial was successfully completed in partnership with Aswaaq retail
The company has launched its latest gifting solution with talabat across the MENA region
Talabat has increased its rider trainings and awareness campaigns based on rider feedback and concerns shared by the authorities and communities
Chatbots create a human-like conversational experience for customers, while making it engaging at the same time, says Ravi Sundararajan, COO, Gupshup
Talabat will feature Ronaldo in a number of campaigns and on-ground activations across the MENA region
In partnership with CarbonClick, the project will offset each ride made by a talabat rider through Etihad Guest’s Miles on the Go programme
From food theatre to autonomous delivery robots, Expo 2020 will deliver a table full of innovative culinary concepts and diverse flavours allowing visitors to taste the globe
Etihad Guest members can earn 1 mile for every Dhs3 spent when ordering food, groceries and other essentials on the talabat platform
The system provides talabat’s customers with a contactless pick up option across Expo 2020 pavilions
The company will initially launch operations in Erbil, Iraqi Kurdistan early next year, before expanding into Federal Iraq
The fulfilment partners will showcase up to 4,000 products of Emirates Cooperative Society, as well as deliver them to customers within 60-90 minute from the time of purchase
Alabbar says the F&B sector has been held ransom by food aggregator platforms
The company said that it fulfils deliveries within an hour and offers groceries at hypermarket prices