Today's Edition
ABU DHABI (ALETIHAD)
Talabat Holding has proposed a share buyback programme of up to 5% of its issued share capital, according to a company statement.
The proposed buyback would be executed over a period of up to two years from the date of shareholder approval. The company said the move forms part of its capital allocation framework aimed at enhancing shareholder value and reflects the Board’s confidence in the company’s long-term growth outlook.
If approved, the buyback will be carried out through open-market transactions on the Dubai Financial Market (DFM) in line with applicable regulations and under the oversight of the Board of Directors, the statement said.
The programme is expected to be funded from the company’s existing cash resources and ongoing free cash flow generation.
Shareholders will also vote on a number of resolutions at the company’s Annual General Meeting scheduled for April 13, 2026, including approval of a final dividend of $219 million (3.45 fils per share) for the second half of 2025.
This would bring total dividends for 2025 to $421 million (6.638 fils per share) and cumulative dividends since the company’s IPO to $531 million (8.373 fils per share).
Toon Gyssels, Chief Executive Officer of talabat, commented: “This share buyback programme reflects our confidence in talabat’s future and our belief that the current market valuation and share price do not fully reflect the long-term strength of our platform.
"The buyback, combined with our dividend policy, underscores our commitment to delivering attractive total returns to shareholders while continuing to invest strategically in the growth of our food, grocery and retail categories.”
Separately, the board has mandated management to appoint a liquidity provider for the company’s shares on the DFM in order to enhance order book depth and improve overall trading liquidity.
A further announcement will be made once the appointment process is completed, the statement said.
