Business

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Third-quarter revenue increased 14.4 percent.

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Seera sees 43% slide in loss

Seera Group Holding witnessed growth in figures across most of its portfolio.
By TRENDS Desk
August 24, 2022 3:13 pm
  • The travel agency's gross booking value climbed up 105 percent on the year to $1.09 billion, and revenue was up 125 percent to $282 million
  • Almosafer, its travel business, bounced back with increased demand in the second quarter along with a gross booking value of $453 million

Seera Group Holding, Saudi tourism and travel group, said its net loss declined by 43 percent to $35 million in the first half of 2022 due to a rebound in travel demand.

The travel agency’s gross booking value climbed up 105 percent on the year to $1.09 billion, and revenue was up 125 percent to $282 million.

Almosafer, its travel business, bounced back with increased demand in the second quarter along with a gross booking value of $453 million.

The group witnessed growth in figures across most of its portfolio, including but not limited to car rental unit Lumi, Hajj and Umrah, hospitality, and ventures.

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