Budget Saudi completes acquisition of AutoWorld to strengthen market position and drive growth
Acquiring Company
Budget Saudi
Acquired Company
Auto World
JeddahKhobarTransportationFleet ManagementManufacturingDescription
Budget Saudi, the leading mobility solutions provider in the Kingdom of Saudi Arabia, has successfully acquired AutoWorld, a vehicle leasing company previously owned by SEDCO Holding. This strategic acquisition sets the stage for substantial market share growth, customer portfolio expansion, and significant cost synergies to drive sustainable growth and improved profitability in the transportation sector.
Quick answer
Budget Saudi is acquiring Auto World, announced June 25, 2024. Budget Saudi is based in Jeddah, Makkah Region, Saudi Arabia.
- How much did Budget Saudi pay for Auto World?
- The deal value was not disclosed.
- What does Budget Saudi do?
- Budget Saudi is the leading comprehensive mobility solutions provider in the Kingdom of Saudi Arabia, offering long-term vehicle rental and leasing services.
- Where are Budget Saudi and Auto World based?
- Budget Saudi is based in Jeddah, Makkah Region, Saudi Arabia. Auto World is based in Khobar, Dammam, Saudi Arabia.
- Who are the decision-makers at Budget Saudi?
- Fundz holds 1 contact at Budget Saudi. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Budget Saudi, and when
When Budget Saudi changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Budget Saudi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Budget Saudi, from your own LinkedIn network
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Frequently asked
Who acquired Auto World?
Auto World was acquired by Budget Saudi, based in Jeddah. The deal was reported on June 25, 2024. Budget Saudi is the leading comprehensive mobility solutions provider in the Kingdom of Saudi Arabia, offering long-term vehicle rental and leasing services. Budget Saudi is privately held and operates in Transportation.
When did Budget Saudi acquire Auto World?
Budget Saudi's acquisition of Auto World was reported on June 25, 2024. Budget Saudi, the leading mobility solutions provider in the Kingdom of Saudi Arabia, has successfully acquired AutoWorld, a vehicle leasing company previously owned by SEDCO Holding. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Auto World do?
Auto World is one of the leading companies in Saudi Arabia's vehicle rental sector. Founded 45 years ago, it has specialized in providing long-term rental solutions for corporations and institutions. It is privately held, operating in Manufacturing, and is based in Khobar.
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