Almatar
Saudi online travel company that sells flights, hotels and car rental through Arabic apps and a website. The Tourism Development Fund and IMPACT46 invested in it, and it has said it is preparing a Tadawul listing.
Industry: Online travel agency | Location: Saudi Arabia | Founded: 2015
About Almatar
Almatar is a Saudi online travel company that sells flights, hotel stays and car rental through a website and mobile apps. Its website names Al Matar Arabian Commercial Services Company as the legal entity and a general travel and tourism services licence.
In a September 2024 Argaam interview, Aimen Saleh Basalamah was described as chief executive and co-founder, and Yousef Abdullah Al Rajhi as chairman. Almatar's own blog quoted Faisal Alrajhi as chief executive in September 2025. None of the sources read states when the company was founded.
The website also offers a flight tracker, a co-branded credit card, instalment payments through Tabby, Tamara and MixFly, and a loyalty programme called Jawwak. It says it has more than three million users. In the 2024 interview the chief executive said the Almatar app was the most downloaded local app in 2022 and 2023 according to a CST report and had more than four million users. He also cited a corporate segment serving more than 150 government and private entities and Almatar Beds, covering more than 160,000 rooms in over 20 Saudi cities.
The 2024 interview named the Saudi Tourism Authority, Arab National Bank and stc as partners. On 28 September 2025 Almatar announced a partnership with the digital wallet urpay that lets urpay customers book travel through the Almatar app. Its blog index lists a memorandum of understanding with Cluster2 Airports Company dated 27 September 2026. In 2024 it also said it had begun investing in an Omani company and planned to enter Kuwait and the UAE in 2025.
The Tourism Development Fund and the venture firm IMPACT46 announced an investment in Almatar without disclosing the amount. Entrepreneur Middle East dated it to March 2023, while Almatar's blog dated it to January 2024. In the 2024 interview Almatar named Yousef Al Rajhi, IMPACT46, the Tourism Development Fund and its co-founders as major investors, said it was preparing to list on Tadawul by the fourth quarter of 2025, and targeted SAR 16 billion in revenue by 2029.
Leadership
- Aimen Saleh Basalamah, Co-founder and Chief Executive Officer (as of September 2024)
- Faisal Alrajhi, Chief Executive Officer
- Yousef Abdullah Al Rajhi, Chairman