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 index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.