Earnings Report /
Saudi Arabia

Seera Group: Re-opening further boosts GBV growth in Q3 21

  • Revenues increased 160% yoy (+29.2% qoq) to SAR369mn in Q3 21, higher than our estimates of SAR338mn

  • The group’s GBV value increased significantly by 112% yoy (+22% qoq) in Q2 21 to SAR1.4bn vs SAR669mn in Q3 20

  • Gross profit came-in at SAR186mn up 520% yoy (+6.6% qoq) vs our estimates of SAR200mn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
10 November 2021
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