The tourist, Naeaaf Al Otajbi, was attacked at the north end of Bangla Rd at 7:18am.
The incident was recorded on CCTV, which showed walking along the road when two men suddenly approached and assaulted him.
Mr Otajbi was hit on the head several times before falling to the road only for the assailants to continue the attack by kicking him in the head and on his body.
The video showed one man, wearing a blue vest similar to those worn by motorbike taxi drivers, also stomping on his head.
Patong Police late yesterday afternoon posted a report confirming that officers had arrested two men for the attack.
The report did not name the two attackers, and included photos that obscured their faces.
However, the report did confirm that the attackers were motorbike taxi drivers.
According to the report, the men told police that Mr Otajbi was drunk and had somehow offended them, prompting their attack.
Police said they were reaching out to Mr Otajbi to ask him to come to Patong Police Station to file a formal complaint, so that legal action could be taken against the two motorbike taxi drivers.