Seera Holding Group reduced its losses by 43% to reach, after zakat and tax, 98 million riyals in the second quarter, compared to 172 million riyals incurred in the same period last year.
According to Arabiya Net, it turned into a loss in the first half of the year by 280 million riyals, compared to profits of 940 million riyals in the first half of 2020.
The Seera Group announced an increase in its revenues in the second quarter of 2021, amounting to 107% compared to the same period of the previous year. This rise came as a result of the intense cooperation between global governments and the various stakeholders in the travel sector to recover from the repercussions of the global pandemic, according to the company’s statement on the Saudi market’s website Tadawul.
This growth came as a result of partially reopening the borders of the Kingdom of Saudi Arabia to citizens and residents who received two doses of the Corona vaccine, which allowed the resumption of travel International, easing quarantine requirements and restrictions imposed on entry to the Kingdom and the establishment of tourism and recreational activities.
For the second quarter of this year, the total volume of reservations recorded a significant increase compared to the second quarter of 2020, by 192% to reach 1.2 billion riyals, compared to 398 million riyals. Real a year ago.
