ELAF ALRIYAD Travels & Tours is a Saudi joint-stock company. Boasting over 3,000 employees, the company serves customers in over 430 branches in Saudi Arabia and abroad. The Group understands the value of having a presence in its client’s favourite tourist destinations, and thus has invested in branches across KSA, the GCC, Egypt, Sudan, Lebanon, Malaysia, the United Kingdom, Canada and other popular tourist locations.
Under the able supervision of founder and businessman Hikmat Atlas Yar Khan, we have accomplished a lot since inception, experienced constant performance growth and in 2012, transformed the company into a Saudi Stock Exchange-listed public joint stock company. This growth is reflected in the continuous capital increase since 1979 from one million Saudi riyals to 800 million riyals in 2009.
In 2013, the company’s assets were valued at 1,200 million riyals, an increase of 400 million riyals from retained earnings, allocating one free share for every two active shares, as per the General Assembly’s decision taken on February 4th, 2013. In 2014, the company accomplished its vision of expansion into global destinations, raising its capital to 1,500 million riyals, an increase of 300 million riyals from retained earnings, and allocating one free share for every four shares outstanding as per the General Assembly’s vote on March 20th, 2014. The company’s expansion into a corporation allowed a capital raise to two billion riyals in 2015, a profit increase of 500 million riyals, giving away one free share for every three shares outstanding, as per the General Assembly’s March 4th, 2015 decision.
We strive for continued excellence in service, in order to deliver the best travel and tourism experience to our clients within the Kingdom of Saudi Arabia, the MENA region as well as international locations, creating unique lifetime experiences for all, and becoming a partner of choice. We endeavor to provide an integrated travel package of products and services through contractual agreements, global and regional partnerships that enhance our operational performance, both in terms of service quality and competitive rates.
The company is especially focused on its vision of promoting Saudization, and providing jobs for young men and women in the Kingdom, while contributing to the development and prosperity of the nation.