** Shares of Saudi travel company Seera Group Holding 1810.SE decline 9.9% to 29.55 riyal in early trade

** Stock heads for steepest decline since May 2020, if losses hold

** Seera announced co and Saudi sovereign wealth fund Public Investment Fund (PIF) agreed to terminate non-binding term sheet

** In September 2022, Seera Group signed non-binding term sheet with PIF in relation to proposed investment by PIF in Almosafer Travel and Tourism, a 100% Seera-owned company

** PIF sought to acquire 30% stake in Almosafer for total consideration of up to 1.554 billion riyals ($414.4 million)

** About 2.1 mln shares change hands as of 0739 GMT, about 98.5% of their 30-day moving average

** Session's losses wiped off 975.1 million riyals from market cap

** Out of 6 analysts covering the stock, 4 rate it "Buy", one rates it "Hold" and the other one rates it "Sell", with median TP of 31.25 riyals - LSEG data

** Session's fall reduced YTD gains to 9.44%​

($1 = 3.7503 riyals)

(Reporting by Mohd Edrees in Bengaluru)

((mohammad.edrees@thomsonreuters.com))