Photo Credit: Muzzammil Ahussain, CEO of Almosafer, in conversation with Skift CEO Rafat Ali at Skift Global Forum East on October 30, 2025 in Abu Dhabi. Skift
Almosafer’s growth story now runs on domestic demand. That’s a bet on Makkah, the Red Sea, and Qiddiya outlasting a war that hit outbound travel first.
LinkedIn X Facebook Email Gift What specific bookable products and experiences does Saudi Arabia need to convert Vision 2030 awareness into actual inbound bookings? How might the ongoing U.S.-Iran conflict affect the timing or valuation of Almosafer's planned 2026 listing? How does Almosafer plan to recover its corporate travel segment given reduced demand from government and corporate clients? Select a question above or ask something else
Almosafer, Saudi Arabia’s largest travel and tourism company, is on track to list on the kingdom’s main stock exchange before the end of this year, even as it works through a tough operating climate shaped by the U.S.-Iran war.
“The company’s owner, Seera Group, always had a plan to list Almosafer on the main market of Saudi stock exchange Tadawul by the end of 2026,” CEO Muzzammil Ahussain told Skift. “While there is no specific listing date at this time, Almosafer is working on internal readiness while monitoring market conditions.”
The planned transaction will be a secondary offering rather than a capital raise, Ahussain said, with the proceeds “going back to the shareholder.” Almosafer is “well-capitalized, self-sufficient in our funding, and has a strong balance sheet,” he said.
IPO activity has been muted in Saudi Arabia this year following the outbreak of the Iran war, with just two small listings on the main market s
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Tags: almosafer , business travel , iran war , saudi arabia , saudi tourism , Saudi Vision 2030
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