Saudi OTA Almosafer on Track for Year-End IPO Despite Iran War Disruption
Almosafer, Saudi Arabia's largest travel company, plans to list on the Tadawul main market by end of 2026 in a secondary offering, with proceeds returning to shareholder Seera Group. Despite the U.S.-Iran war impacting consumer, corporate, and UAE businesses, Almosafer posted record Q2 revenue and EBITDA, driven by hajj and umrah (net booking value up 43%) and surging domestic travel (45.5% of bookings). Corporate travel net booking value fell 25%, described as the war's longest-lasting impact.
Impact and considerations
Almosafer's IPO plans show resilience in Saudi tourism, with domestic demand as a growth engine, but corporate travel is significantly impacted by geopolitics, relevant for TMCs and corporate clients.
Key points
- Almosafer plans a secondary listing on Tadawul main market by end of 2026.
- Record Q2 revenue and EBITDA driven by hajj and domestic travel.
- Hajj and umrah net booking value up 43%.
- Domestic travel accounts for 45.5% of bookings, led by Makkah, Red Sea, and Qiddiya.
- Corporate travel net booking value fell 25% due to the war.
Sources and time
- Primary source
- Skift
- Other sources
- 0
- First source publication
- 14 Aug 2026, 23:45
- Page published
- 15 Aug 2026, 08:09
- Last updated
- 14 Aug 2026, 23:45
- Original links
- Skift Feed：Saudi OTA Almosafer on Track for Year-End IPO Despite Iran War Disruption (opens in a new tab)Primary source · en · Published 14 Aug 2026, 23:45