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2026-10-15T13:15:49.373Z

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Taiba initiates Nuzul Shada Hotel sale

Taiba initiates Nuzul Shada Hotel sale

Tiba Investment Company has decided to initiate the voluntary liquidation procedures for Nuzul Shada Hotel Company, which is owned by Dur Hospitality, a subsidiary of the company. Dur Hospitality holds a 60% stake in the company's capital, amounting to 40 million Saudi riyals. This decision comes as part of a review of the company's investment portfolio in line with its strategic objectives, with no significant impact expected on the consolidated financial results until the liquidation is completed.

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