Tuesday 03, July 2012 by Robin Amlôt
Al Tayyar Travel Group IPO Generates impressive PE multiple for Amwal AlKhaleej
Amwal AlKhaleej has announced the successful IPO of Al Tayyar Travel Group - the MENA region’s largest travel organization, which listed on the Saudi Stock Exchange on 4 June 2012. Amwal AlKhaleej had acquired a substantial minority position in Al Tayyar Travel Group in January 2005 as part of its first fund, Amwal I. The IPO managed and led by Samba Capital, is the largest in Saudi Arabia since 2010, and recorded the region’s highest unleveraged private equity returns estimated to be around a ten times multiple.
