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Largest Travel Services Public Companies in Saudi Arabia

Benchmark revenue and EBITDA valuation multiples for public comps like Seera Group and Theeb.

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Saudi Arabia
Seera Group Holding is a Saudi Joint Stock company registered in Riyadh, Kingdom of Saudi Arabia. Al Tayyar Travel Group activities encompass scheduled air travel services, tourism, cargo, transportation, Hajj and Umrah, conferences and events, education, chartered flights, furnished suites and hotels, shipping, and other travel-related services and products. The group comprises the following business segments namely Ticketing, Tourism, Transportation, Hospitality, and Property rentals. The company generates the majority of its revenue from the Tourism segment which provides hotel booking services, package holidays and room rentals. Services may be sold separately or in bundled packages (hotel booking and airline ticket).
$6
-18%
$2B
$2B
1.4x
7.7x
Saudi Arabia
Theeb Car Rental Co is engaged in car rental and leasing. The company operates in three segments namely: Short term lease; Long term lease; and Car sales. The short-term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). The long-term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales represent the sales of vehicles that were previously held as a part of the lease or rental fleet. The company derives the majority of its revenue from Long term lease segment.
$7
-42%
$452M
$1B
2.5x
5.3x
Median$6-30%$996M$1B2.0x6.5x

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