Mr Mandoob plans to file for IPO next month: Co-founder

GHADA.ISMAIL
Aug 14, 2024

Riyadh – Sharikat Mubasher: Saudi-based delivery service app Mr Mandoob announced plans to file for IPO by the next month.

Hamud Alghusn, Co-founder of Mr Mandoob said that he thinks the app should be listed in the market by the first half of 2025, according to a recent tweet.

Notably, Mr Mandoob made several breakthroughs in 2022, as the app sales surged 500% compared to 2021. The company also garnered an 8% market share in the Kingdom.

Founded in 2018, MrMandoob app provides an enjoyable and simple delivery experience with unique benefits and features. It connects customers with stores in the most convenient way possible by utilizing a wide range of options available in the application.

The app provides the following services: (store delivery, parcel delivery, dock car delivery, intercity delivery, gas delivery, and charge cards).

 


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