ended its bombing campaign against rebels in Yemen having "achieved its military goals", officials say.
The month-long Decisive Storm campaign had targeted Houthi rebels but largely failed to halt their advance.
A new operation called Restoring Hope will focus on a political solution in Yemen and on counter-terrorism at home, the coalition said.
Iran welcomed the end of air strikes as a step forward.
Sunni-ruled Saudi Arabia has accused Shia-led Iran of backing the Houthis, something Tehran denies.
Yemen has been in chaos since the Houthi, or Zaidi Shia, rebels, took control of the capital, Sanaa, in January and placed President Abdrabbuh Mansour Hadi under house arrest.
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