Theeb Rent a Car Co.
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Theeb Rent a Car Co. - overview
Established
1991
Location
Riyadh, -, Saudi Arabia
Primary Industry
Transportation Services
About
Theeb Rent a Car Co. is a vehicle rental service offering tailored solutions for corporate clients, tourists, and local residents, featuring a diverse fleet ranging from compact cars to SUVs for both short-term and long-term rentals. Founded in 1991, Theeb Rent a Car Co. is based in Riyadh, Saudi Arabia, focusing on vehicle rental solutions.
The company has engaged in 3 total deals with the most recent deal occurring on March 21, 2021. Naif Altheeb and Tamer Radwan lead the company as CEOs, guiding its operations and strategy. Theeb Car Rental specializes in comprehensive vehicle rental solutions, catering to a diverse clientele including corporate clients, tourists, and local residents. The company offers a wide range of vehicles from compact cars to larger SUVs, meeting varying customer needs for both short-term and long-term rentals.
Theeb serves markets domestically and internationally, providing reliable transportation options for business professionals, vacationers, and individuals needing temporary transport. For the year 2021, Theeb Rent a Car Co. reported a revenue of SAR 200,586,270 and an EBITDA of SAR 107,777,399. 6, reflecting its operational performance within the vehicle rental market.
In March 2021, Theeb Rent a Car Co. successfully raised SAR 516 million in an IPO, selling 12. 9 million shares at SAR 40 each on the Saudi Stock Exchange, with Investcorp fully exiting their stake as part of the listing. The funds raised are expected to support Theeb's expansion plans, including potential new product offerings and geographic market expansions.
Specific details regarding upcoming products or targeted regions for market entry have not been disclosed.
Primary Industry
Transportation Services
Sub Industries
Business Support Services, Courier & Delivery Services, Car Hire Services
Website
www.theebonline.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Theeb Rent a Car Co. - timeline of key events
Theeb Rent a Car Co. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Theeb Rent a Car Co. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Theeb Rent a Car Co. | - | ||||||||
| Private Placement/Follow on | Completed | Theeb Rent a Car Co. | - | ||||||||
| Buyout | Completed | Theeb Rent a Car Co. | - |
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Theeb Rent a Car Co. - employee data
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