Acquiring Company
United International Transportation Company (Budget Saudi)
Acquired Company
Auto World
JeddahKhobarTransportationTravelManufacturingDescription
United International Transportation Company (Budget Saudi) has acquired Auto World as part of its strategic vision for growth. This acquisition allows Budget Saudi to expand its short-term rental services amidst the Kingdom's growing economy. With major global events on the horizon, the company aims to enhance mobility services in Saudi Arabia. Auto World's entry into short-term rentals positions it to meet increasing market demand.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Auto World?
Auto World was acquired by United International Transportation Company (Budget Saudi), based in Jeddah. The deal was reported on August 23, 2026. United International Transportation Company (Budget Saudi) is a leading Saudi company in the vehicle rental sector. It encompasses several brands including Budget Saudi, Payless Saudi, and Auto World. United International Transportation Company (Budget Saudi) is privately held and operates in Transportation.
When did United International Transportation Company (Budget Saudi) acquire Auto World?
United International Transportation Company (Budget Saudi)'s acquisition of Auto World was reported on August 23, 2026. United International Transportation Company (Budget Saudi) has acquired Auto World as part of its strategic vision for growth. This acquisition allows Budget Saudi to expand its short-term rental services amidst the Kingdom's growing economy. 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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