Financial Valuation Report for “Meqani” App
Valuation Report — Meqani App
Edition: January 2026
1 Purpose of the Valuation
This document aims to provide a professional valuation of the “Meqani” application using methodologies applied to global AgriTech SaaS companies in order to determine its fair market value and the required investment amount.
2 Valuation Methodology
2.1 Annual Recurring Revenue Multiple (ARR Multiple)
The primary valuation method for SaaS companies operating with annual subscription models.
Valuation = ARR × Market Multiple
3 Global Benchmark Companies
3.1 iLivestock — United Kingdom
- Estimated revenue: $3–6M.
- Valuation between $35–40M.
- Approximate multiple: 7× – 12×.
3.2 Farmbrite — USA
- Revenue: $3–5M.
- Market multiple: around 4× – 8×.
3.3 AgriWebb — Australia/USA
- Revenue: $8–10M.
- Valuation: ~$62M.
- Multiple: 6× – 8×.
4 Selected Valuation Multiple for Meqani
Minimum: 4×
Average: 6× – 8×
Maximum: 12×
Average: 6× – 8×
Maximum: 12×
Reason for choosing Multiple = 7×:
- Monthly growth rate: 17% (high).
- User retention rate: 90%.
- Large underserved Arabic market.
- Over 30,500 users and 5,000 paid subscribers.
- User rating: 4.5 out of 5.
5 Revenue Used for Valuation
ARR 2026 = 1,800,000 SAR
- Annual app subscriptions.
- Revenue from the online store.
- Sales commissions on the platform.
- Advertising revenue.
- Data monetization and analytics.
6 Final Valuation
Valuation = 1,800,000 × 7 = 12,600,000 SAR
Final market value of the “Meqani” app ≈ 12,600,000 SAR (2026 estimate).