Results

Tabby’s Saudi profit rebounds in Q3 as SAMA approves $300M in foreign financing

Nov 11, 2026

•

3 min read

Tabby’s Saudi profit rebounds in Q3 as SAMA approves $300M in foreign financing

The Saudi financing subsidiary earned $14.3 million in Q3 as its new longer-term lending product contributed 14% of revenue, while $80 million in borrowing from Saudi National Bank broadened its funding sources.

Jamie Lane

Results

Uber singles out Middle East dark stores in Delivery Hero takeover

Nov 5, 2026

•

2 min read

Uber singles out Middle East dark stores in Delivery Hero takeover

The agreed acquisition would give Uber control of Talabat and HungerStation and their grocery fulfilment networks in a region that generated 59% of Delivery Hero’s first-half adjusted EBITDA.

Jamie Lane

Results

SCOOP: etisalat’s retained Careem stake valued at less than half the level implied by Uber deal

Oct 30, 2026

•

4 min read

SCOOP: etisalat’s retained Careem stake valued at less than half the level implied by Uber deal

New accounts reveal a substantial gap between the price Uber paid to take control and the value assigned to etisalat’s remaining stake, alongside further losses at the Everything App.

Jamie Lane

Results

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Aug 28, 2026

•

5 min read

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Regional GMV rose 11.6% even as profit slipped, with Saudi Arabia appearing to move back towards breakeven ahead of Uber’s €13B takeover of the Berlin group.

Jamie Lane

Results

Apr 29, 2026

•

20 min read

Inside Tamara's Books

What 40 pages of audited financial statements reveal about how Saudi's first homegrown fintech unicorn rebuilt its revenue model, underwrites a lending book it didn't have twelve months ago, funds it all at rates its nearest competitor can't match, and prepares for what comes next.

Jamie Lane

Results

Tamara's Saudi arm hits first full-year profit of $51.5M on 90% revenue growth

Apr 16, 2026

•

2 min read

Tamara's Saudi arm hits first full-year profit of $51.5M on 90% revenue growth

The results mark a turning point for the Riyadh-headquartered BNPL unicorn, which is backed by PIF subsidiary Sanabil Investments, SNB Capital's fintech fund, and Checkout.com.

Jamie Lane

Results

Exclusive: Tabby's Saudi arm posts $55 million profit on $378 million revenue in first audited annual accounts

Mar 30, 2026

•

3 min read

Exclusive: Tabby's Saudi arm posts $55 million profit on $378 million revenue in first audited annual accounts

The numbers land at a moment when Tabby is widely understood to be preparing for a Tadawul listing, with reports that HSBC, JPMorgan and Morgan Stanley are advising on a potential flotation.

Jamie Lane

Results

Breaking down H1 earnings for Talabat, Valu, Jahez and Presight

Aug 14, 2025

•

2 min read

Breaking down H1 earnings for Talabat, Valu, Jahez and Presight

valu and Presight lead on growth, Yalla delivers the strongest margins, Talabat shows the largest scale with healthy unit economics, Jahez stays profitable while navigating Q2 margin softness.

Jamie Lane

Results

Talabat H1 revenue up 35% to $982m as GMV climbs 32% to $2.4bn

Aug 14, 2025

•

3 min read

Talabat H1 revenue up 35% to $982m as GMV climbs 32% to $2.4bn

Performance was driven by demand across both Food and Grocery & Retail, reflecting accelerated customer acquisition and higher order frequency.

Jamie Lane

Results

Valu H1 revenue up 94% to EGP 2.6bn; net profit rises 64% to EGP 341m

Aug 14, 2025

•

3 min read

Valu H1 revenue up 94% to EGP 2.6bn; net profit rises 64% to EGP 341m

The Egyptian fintech's Prepaid Card showed “more than 2x” growth in top-ups and spend, and a 3.3x jump in spending transactions versus Q2 2024, as the card evolves into an everyday payment tool.

Jamie Lane

Results

Presight H1 revenue up 80% to AED 1.09bn as international mix rises; backlog reaches AED 3.7bn

Aug 14, 2025

•

2 min read

Presight H1 revenue up 80% to AED 1.09bn as international mix rises; backlog reaches AED 3.7bn

Domestic momentum included new contracts with the UAE National Media Office and UAE Media Council, plus a cooperation agreement with Abu Dhabi Department of Energy to develop AD.WE, an AI-powered energy and water management platform.

Jamie Lane

Results

Yalla Q2 revenue up 4.1% to $84.6M, adjusted net income hits $39.4M as MAUs climb 8.8%

Aug 14, 2025

•

2 min read

Yalla Q2 revenue up 4.1% to $84.6M, adjusted net income hits $39.4M as MAUs climb 8.8%

On valuation, the stock is trading around 10x next-twelve-month earnings, up from roughly 9x last quarter.

Jamie Lane

Results

Jahez H1 profit up 38% to SAR 58.9M, Q2 earnings dip on softer margins

Aug 10, 2025

•

3 min read

Jahez H1 profit up 38% to SAR 58.9M, Q2 earnings dip on softer margins

Revenue grew 7% to SAR 1.09 billion, driven by higher total orders, improved average order value, stronger take rates, and sharp growth in advertising and other revenue streams.

Jamie Lane