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The Economic Times
The Economic Times

Urban Company winds down Saudi Arabia subsidiary, operations to continue through joint venture

Urban Company X (Organization)

Home services platform Urban Company has shut its Saudi Arabian subsidiary Urban Company Arabia for Information Technologies (UC KSA) after the Ministry of Commerce of Saudi Arabia cancelled its commercial registration, with effect from May 24.

In an exchange filing, Urban Company stated the winding-up process had been initiated voluntarily, with the company first informing exchanges of its intent on November 1, 2025, followed by a second disclosure on May 8. With the cancellation now formalised, UC KSA ceases to be a step-down subsidiary of Urban Company, the statement read.

Urban Company entered the UAE in 2021, followed by Australia and Singapore. In 2022, it exited Australia after operating there for three years. CEO Abhiraj Singh Bhal said in a post on X that the company remains bullish on its operations in Saurdi Arabia, "a high potential market".

On January 1, 2025, the company had entered into a 50:50 joint venture with SMASCO, a Saudi partner, to build a home services platform under the brand Yammak.

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