Delivery Hero is preparing an IPO of its Talabat business on the Dubai stock exchange in Q4 2024

Delivery Hero SE (“Delivery Hero” or the “Company”, ISIN DE000A2E4K43, Frankfurt Stock Exchange: DHER), which operates in the United Arab Emirates (“UAE”) and other countries in the Middle East and North Africa its food delivery and quick commerce business under the Talabat brand, is preparing a listing of its Talabat business on the Dubai Financial Market in Q4 2024.

A listing may be pursued through a secondary sale of shares by Delivery Hero which would retain the majority interest in the local listing entity after an IPO.

The execution of an IPO remains subject to market conditions, the approval of a securities prospectus by the Securities and Commodities Authority of the UAE and further resolutions of the Management Board and Supervisory Board of Delivery Hero.