Skip to content Skip to Search
Skip navigation

Saudi car dealer Samaco Motors to go public in 2025

Saudi car dealer Samaco Motors to go public in 2025 Alamy via Reuters
As Samaco prepares to go public on the Saudi market next year, the company aims to add more luxury car brands to its portfolio
  • Sells luxury cars
  • 21 locations
  • Part of Al Nahla Group

Saudi Arabia’s Samaco Motors, the exclusive dealer of European cars including Audi, Bentley, Porsche, Lamborghini and Volkswagen, has revealed plans to go public on the Saudi market next year.

The company’s CEO Mohammed Sharbatly revealed the news to Al-Eqtisadiah newspaper.

Speaking on the sidelines of the launch of Porsche’s new electric vehicles in Riyadh, Sharbatly said the company has signed an agreement with a Saudi investment bank on the initial public offering. All subsidiaries under the holding group will be offered on the stock market.

The group holds a 50 percent market share of the luxury European car business in Saudi Arabia and has plans to add two more luxury brands to its portfolio, the CEO said.

Samaco Motors manages 21 locations, structured by brands, including showrooms, service centres, spare parts, a centralised parts depot, and body shops located across Jeddah, Riyadh and AlKhobar.

Samaco Motors is a member of Al Nahla Group, a group of the oldest family businesses in Saudi Arabia working across automotive and real estate among other sectors.

Latest articles

Claridge's Hotel. Maybourne also owns the Berkeley, the Connaught and the Emory in London

Qatar-backed owner of Claridge’s to open hotel in Dubai

Maybourne Hotels, the owner of Claridge’s in London, is planning to expand to Dubai, Paris, New York and Miami, its co-chief executive has said.  The company, owned by Qatari royals Sheikh Hamad bin Jassim bin Jaber Al Thani and Sheikh Hamad bin Khalifa Al Thani, owns and operates six hotels – four in London and […]

UAE deputy prime minister and finance minister Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. The ministry said the tax system is "aligned with global standards"

UAE to introduce 15% tax on large multinationals

The UAE is to increase corporate tax on large multinational enterprises (MNEs) to 15 percent from January 1 2025, the Ministry of Finance has announced. MNEs currently pay 9 percent of their profits in the Emirates. The domestic minimum top-up tax (DMTT) will apply to multinational enterprises with consolidated global revenues of €750 million ($793 […]

The US has overcome misgivings about the UAE's relationship with China to approve computer chip exports

US clears export of advanced AI chips to UAE

The US has approved the export of advanced computer chips used for artificial intelligence to the UAE, reports indicate. Under the agreement the UAE will allow exports to a Microsoft-operated facility for use by Emirati state-backed AI company G42. Microsoft has invested more than $1.5 billion in G42 and holds a minority stake and board […]

John Bass, US undersecretary of state, will visit Jordan this week

US senior official in Jordan to discuss bilateral issues

US undersecretary of state John Bass will arrive in Jordan on Monday to discuss a range of bilateral issues and this week’s $845 million cash transfer to support the Arab state. During meetings with senior Jordanian government officials Bass will also discuss efforts to de-escalate regional conflicts, the US Department of State said in a […]