logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Sabiq: Mabaat to expand into hotel management sector soon

Sabiq: Mabaat to expand into hotel management sector soon

NOHA.GAD
Jan 9, 2025
Mabaat, the leading company in the tourism accommodation sector, plans to expand into hotel management sector soon

Riyadh - Exclusive Sharikat Mubasher: Mabaat, Saudi Arabia’s leading short-term rental property management company, plans to enter the hotel management sector soon, aligning with the Kingdom’s efforts to transform the tourism sector, CEO Naif Sabiq stated in an interview with Sharikat Mubasher on the sidelines of the third edition of the Saudi Tourism Forum (STF).

Sabiq revealed that Mabaat will launch its electronic platform during the forum, with plans to introduce self-check-in services following approval from the Ministry of Tourism.

He noted that Mabaat participated in the STF to showcase its services, following its recent acquisition by Scene Holding Company.

On the second day of the STF, Scene Holding announced acquiring a strategic stake in Mabaat in a move to enhance innovation, drive growth, and expand services to accommodate guests during major global events such as the Asian Cup, the Olympics, the World Cup, and Expo 2030.

Sabiq also emphasized the Ministry of Tourism’s efforts to transform the sector and elevate visitor experiences by adhering to world-class standards.

Established in 2020, Mabaat specializes in managing luxury properties for private owners in prime locations such as Jeddah, Riyadh, and Alhada.

The Saudi Tourism Forum 2025 took place in Riyadh from 7 to 9 January with the participation of over 100 exhibitors and more than 40 global speakers. It featured over 1,000 meetings and workshops and welcomed more than 450 leading brands in the tourism sector.

The forum served as a dynamic platform to explore the latest developments, showcase key investment projects, and foster skill development and partnerships to drive the growth of the tourism sector.  

Tags

Saudi Arabia
Saudi Tourism Forum
Hotel management
Acquisition
Share

Attract clients with your ad

Start Now

Trending

Applied AI closes pre-Series B round to accelerate global expansion
MUBASHER
EVIQ, Roads Authority join hands to advance EV charging services in Kingdom
MUBASHER.SA
NEOPAY partners with Nymbl to enable Nymbl QX
MUBASHER
EdfaPay launches SoftPOS services after SAMA approval
MUBASHER.SA
Rawajeh Group acquires stake in Khwarizmi Holding
Riyadh - Sharikat Mubasher: Rawajeh Group, a leading real estate developer in Saudi Arabia, signed an investment agreement to acquire a stake in Khwarizmi Holding.This strategic partnership aims to promote growth and maximize sustainable value in the Saudi market, according to a recent statement by Rawajeh Group.The investment aligns with Rawajeh Group’s expansion strategy that focuses on investing in companies with mature corporate structures, clear operational capabilities, and a long-term vision for growth.    Khwarizmi Holding adopts an investment model that focuses on building long-term value by diversifying investment tools, including venture capital (VC), private equity (PE), and global real estate funds. This aligns with Rawajeh Group’s approach towards investing in entities capable of achieving balanced and sustainable growth.Aqeel Alrajhi, CEO of Rawajeh Group, stated that the investment reflects the group’s confidence in Khwarizmi Holding’s robust business model and its ability to manage specialized investments in private markets efficiently.For his part, Ibrahim Almojel, Founding Partner at Khwarizmi Holding, affirmed that the partnership will help the company accelerate the execution of its investment strategy that focuses on building specialized platforms in private markets and developing diverse investment products that meet the expectations of institutional investors.Moreover, this collaboration reflects the shared vision of both entities to build an investment ecosystem that is based on integration and added value.

Related News

Private Equities News
Calendar Icon
Jan 22, 2026
Applied AI closes pre-Series B round to accelerate global expansion
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
EVIQ, Roads Authority join hands to advance EV charging services in Kingdom
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
NEOPAY partners with Nymbl to enable Nymbl QX
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
Rawajeh Group acquires stake in Khwarizmi Holding
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
Trango Tech expands mobile app services across GCC
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
Riyadh Air enters air freight with Riyadh Cargo
Read More
Private Equities News
Calendar Icon
Jan 22, 2026
AviLease to add SAR 11 bn to Saudi GDP by 2030
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher