On 12 July 2026, Next Trip appointed Merchants Capital as its sole strategic financial advisor. Next Trip is the leading commercial vehicle distributor in the Kingdom, serving businesses and fleets rather than the passenger market.
A fleet business grows with its fleet, and the right financing has to grow with it. Rather than a single transaction, strategic finance means building a capital structure step by step, with each step setting up the next.
The plan starts with the foundations: a clear ownership structure and a governance framework that give future investors and financiers confidence. An equity capital increase from qualified and institutional investors will then strengthen the company’s capital base and support its expansion, including new agency agreements and a growing team.
With that base in place, a sukuk programme will finance the acquisition of new fleet from the market and from new agencies. Over the longer term, the structure keeps the path open to the capital market. Merchants Capital will work alongside Next Trip at every stage, bringing its combined expertise in equity, debt and capital markets under one relationship.
