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Saudi car dealer Samaco Motors to go public in 2025

By Chris Hamill-Stewart
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.

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