Page 105 - AAE PR REPORT - December 2024

12/19/24, 4:29 PM After mega IPO, Talabat shares fall in debut trading on DFM
Strong fundamentals

Delivery Hero, Talabat's German parent which still holds 80% stake in the Middle Eastern subsidiary saw its share price fall 11% on Tuesday on the Frankfurt
bourse where it trades. This underperformance can mainly be attributed to the rising cost pressures faced by the firm, with Talabat's negative performance on
debut adding pressure, he said.

(Reporting by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

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