WeBook Aims for Billion-Dollar Valuation with Stock Exchange Listing Plans 📈

Saudi Arabia’s event booking platform, WeBook, is eyeing a billion-dollar valuation as it prepares for a potential stock exchange listing. Launched during Riyadh Season 2023, WeBook sold over 11 million tickets and now employs a team of 2,500. At a press conference, Turki Alalshikh, chairman of the General Entertainment Authority, announced that all Riyadh Season events will be streamed exclusively on WeBook, offering both ad-supported and premium options. The platform has attracted 5 million users globally and enhanced ticket purchasing with features like waitlists, loyalty programs, and fraud prevention. WeBook recently signed a three-year deal with the Saudi Pro League for ticket sales. With over SR1 billion in sales, the platform aims to become a listed billion-dollar company on the Saudi market.