UAE Equity Research - Talabat Holding PLC - Initiation Coverage
We initiate coverage on Talabat Holdings PLC (“Talabat” or “the Company”) with an equity valuation of AED 2.0 per share. Talabat is the leading on-demand delivery platform for online food ordering, delivery, takeaway, and the Grocery & Retail marketplace in eight countries across the MENA (Middle East and North Africa) region. The Company is a fully owned subsidiary of the global delivery powerhouse Delivery Hero.