Almosafer becomes inaugural travel partner of Riyadh Air, CEO reveals

CEO of Almosafer Muzzammil Ahussain speaking to Arab News.
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Updated 25 January 2024
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Almosafer becomes inaugural travel partner of Riyadh Air, CEO reveals

RIYADH: Saudi travel company Almosafer has become the inaugural partner of the Kingdom’s new flag carrier, Riyadh Air, according to a senior executive. 

Speaking to Arab News on the sidelines of the second Saudi Tourism Forum in Riyadh, the CEO of Almosafer – which is part of Seera Group – Muzzammil Ahussain noted that the companies will work together to merge their technologies. 

The integration aims to ensure that Riyadh Air’s content will be available for customers on the company’s platform. 

“Today, we just finalized our collaboration with Riyadh Air. We are the first Saudi travel company to partner with Riyadh Air. We’ll be working very closely as they prepare for launch to test to integrate our technologies and make sure that Riyadh air content will be available on Almosafer for our customers,” Ahussain said. 

He added: “We want to work very early on with them to use and partner and make sure our technology works together. They will be using new technology to distribute their flights to customers around the world. We want to work with them to promote Saudi as a destination, to provide Almosafer services to the Riyadh Air guest.” 

The firm also renewed its partnership with Al Rajhi Bank, which is a significant loyalty partner, particularly with the Mokafaa program. 

The collaboration facilitates users in earning and spending their Mokafaa points on Almosafer.

Additionally, Ahussain highlighted the newly unveiled domestic travel trends report released by his company during the event, which uncovered a strong desire among Saudi travelers for various tourism experiences within the Kingdom in 2023.

Utilizing data insights compiled from the firm’s consumer platforms throughout 2023, the report reveals that more than 40 percent of the overall booking share comes from the domestic sector, with 83.3 percent of local travelers preferring luxury accommodations. 

“This is double pre-COVID levels. So pre-COVID, the domestic travel used to be around 20 percent of our bookings. Now it’s about 40 percent. Additionally, we’re seeing a lot of great insights into what people do,” Ahussain commented. 

He added: “So what people are actually spending more on the hotel, staying in four- and five-star properties. But if you notice in the last two, three years see a lot of growth in low-cost carriers for flying. People are saving on the flight and spending more on the hotel and destination, which is good for the overall ecosystem.” 

The top-visited domestic destinations were Makkah, Jeddah, and Riyadh, followed by Dammam, Madinah and the Red Sea.

“We’re seeing a lot of growth, and as the hotel supply increases in these new projects, we’re seeing a lot more demand,” he stated. 

Ahussain continued: “That’s the purpose of creating the new routes from flyadeal or Flynas to bring price down, create ease of travel, but then allow people to spend more in the destination.”  

Furthermore, the company’s CEO offered perspectives on what he anticipates in terms of the Kingdom’s tourism performance in 2024. This included discussions on the influx of visitors for Umrah and Hajj, leisure travel from Asia or Europe, and Saudi citizens’ traveling abroad. 

“All elements of our business are growing. We’re going to invest heavily in technology and human capabilities, in training, as well as in our corporate business, because corporate is a new growing sector in Saudi Arabia for corporate travel,” Ahussain stated. 

Aligning with Saudi Arabia’s Vision 2030 from a tourism perspective, Almosafer’s role as a travel company is to connect supply with demand, as it “focuses on providing technology and services to ensure demand can be seamlessly booked, generate demand, but also seamlessly book that demand and making a good experience.” 


Closing Bell: Saudi main market closes the week in red at 10,526 

Updated 25 December 2025
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Closing Bell: Saudi main market closes the week in red at 10,526 

RIYADH: Saudi equities ended Thursday’s session modestly lower, with the Tadawul All Share Index slipping 14.63 points, or 0.14 percent, to close at 10,526.09.    

The MSCI Tadawul 30 Index also declined 3.66 points, or 0.26 percent, to 1,389.66. In contrast, the parallel market outperformed, as Nomu jumped 237.72 points, or 1.02 percent, to close at 23,430.93.  

Market breadth on the main market remained tilted to the downside, with 156 stocks ending lower against 99 gainers.    

Trading activity eased further, with volumes reaching 80.46 million shares and total traded value amounting to SR1.66 billion ($442 million).    

On the movers’ board, Saudi Industrial Export Co. led the gainers, rising 6.6 percent to SR2.10, followed by Consolidated Grunenfelder Saady Holding Co., which advanced 6.43 percent to SR9.60.    

Raoom Trading Co. climbed 4.36 percent to SR61.05, while Astra Industrial Group gained 4.35 percent to close at SR139. Riyadh Cables Group Co. added 3.77 percent to end the session at SR135.00.    

On the downside, Methanol Chemicals Co. topped the losers’ list, falling 5.96 percent to SR7.41.  

Flynas Co. retreated 5.43 percent to SR61.00, while Leejam Sports Co. dropped 5 percent to close at SR100.80.    

Alramz Real Estate Co. slipped 4.64 percent to SR55.50, and Almasane Alkobra Mining Co. declined 4.55 percent to SR84.00.  

On the announcement front, ACWA Power said it has completed the financial close for the Ras Mohaisen First Water Desalination Co., a reverse osmosis desalination project with a capacity of up to 300,000 cubic meters per day, alongside associated potable water storage facilities totaling 600,000 cubic meters in Saudi Arabia’s Western Province.    

The project was financed through a consortium of local and international banks, with total funding of SR2.07 billion and a tenor of up to 29.5 years, while ACWA Power holds an effective 45 percent equity stake.  

Shares of ACWA Power ended the session at SR185.90, up SR0.2, or 0.11 percent.     

Meanwhile, Consolidated Grunenfelder Saady Holding Co. announced the sign-off of a customized solutions project with Saudi Aramco Nabors Drilling Co., valued at SR166.0 million excluding VAT.    

The 24-month contract covers the sale and maintenance of field camp facilities, with the financial impact expected to begin from the first quarter of 2026.