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

Positive Zero secures landmark $375mn financing facility
Riyadh – Sharikat Mubasher: Positive Zero, an energy transition platform in the GCC, announced it has successfully closed a financing facility of up to $375 million to support the expansion of its decentralized infrastructure portfolio across the region.As per the company’s press release, the non-recourse financing is described as the first transaction of its kind in the Middle East for a diversified portfolio of decentralized infrastructure assets, including distributed solar power generation, energy efficiency, and clean mobility solutions.The long-term facility was arranged by Natixis Corporate & Investment Banking and The Arab Energy Fund. Natixis CIB also acted as financial advisor, facility agent, security agent, and green loan coordinator for the transaction.The funding will support Positive Zero’s expansion in the United Arab Emirates, Saudi Arabia, Bahrain, Oman, and Qatar, financing growth in its distributed infrastructure portfolio, capital expenditure program, and strategic development initiatives.The new facility complements BlackRock's investment of up to $400 million in Positive Zero, secured in 2023.Positive Zero said it currently has more than 500 megawatts of distributed solar capacity in operation or under construction, helping avoid more than 450,000 metric tons of carbon emissions annually.
Inception42 signs strategic AI collaboration agreement with NXT Holding
MUBASHER
Ra’idah Program returns to empower women entrepreneurs in Abu Dhabi
MUBASHER
ADI Chain secures strategic $50mn investment to expand blockchain infrastructure
MUBASHER
Spare, Xsquare launch ‘Pay by Bank’ solution for UAE businesses
MUBASHER

Related News

Private Equities News
Calendar Icon
Jul 13, 2026
Positive Zero secures landmark $375mn financing facility
Read More
Private Equities News
Calendar Icon
Jul 13, 2026
Inception42 signs strategic AI collaboration agreement with NXT Holding
Read More
Private Equities News
Calendar Icon
Jul 13, 2026
Ra’idah Program returns to empower women entrepreneurs in Abu Dhabi
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
Flat6Labs selects 26 Egyptian SMEs for GGJAP
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
E-commerce, logistics registers in Saudi Arabia rise by over 20% in Q2-26
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
MetaProp, DFDF team up to support real estate technology
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
Saudi Arabia issues over 71K commercial registers in Q2-26; construction sector leads
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