Taiba starts Nuzul Shada Hotel liquidation
Taiba Investment Company has announced the initiation of an optional liquidation process for "Nuzl Shadda Hotel," which is owned by Dur Hospitality Company, fully owned by Taiba, holding a 60% stake in its capital of 40 million Saudi Riyals. This decision comes as part of a regular review of the company's investment portfolio and in line with its strategy. It is expected that the liquidation will not have a significant financial impact on the company's consolidated financial statements, and any impact will be reflected upon the completion of the liquidation.
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