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Saudi OTA Almosafer on Track for Year-End IPO Despite Iran War Disruption

1reports1reporting sources2026-08-14Update

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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.

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8月14日
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    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.