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More than just numbers
14th February 2026
 
● Assessing Tadawul Software Multiples: the up and down dynamic in the face of the AI re-rating wave
● Rethinking Growth in Saudi Arabia’s Ultra-Luxury Hospitality
● What UAE’s AppliedAI’s Valuation Tells Us About the Future of GCC Tech
 
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Topics of the Week
Assessing Tadawul Software Multiples: the up and down dynamic in the face of the AI re-rating wave
 
This analysis by Argaam Intelligence explores how leading Saudi IT companies are navigating the significant pressures affecting their global counterparts. Recently, major international technology firms have experienced sharp declines in their valuation multiples as capital has shifted toward frontier AI model builders.
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Rethinking Growth in Saudi Arabia’s Ultra-Luxury Hospitality
 
Having larger hotels in Saudi Arabia’s ultra-luxury hospitality sector doesn’t necessarily lead to higher profits. As hotels get bigger and more complex, their value can actually decrease. This raises an important question for investors: at what point does increasing size improve efficiency, and when does it start to harm the quality of the experience that allows hotels to charge premium prices?
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What UAE’s AppliedAI’s Valuation Tells Us About the Future of GCC Tech
 
The UAE’s AppliedAI has recently completed a pre-Series B finacning by Mubadala’s sovereign MENA VC platform. This bridge round follows a $55 million Series A completed in February 2025, backed by a high-profile syndicate including G42, Bessemer Venture Partners and e&.
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