Dur Hospitality and Taiba enter into merger talks
RIYADH, June 15, 2021
Saudi Arabia's Dur Hospitality Company has announced that it will start preliminary discussions with Taiba Investment Company about a possible merger.
The announcement was made in a statement to the Saudi Stock Exchange on June 13, adding that the discussions do not necessarily mean an agreement will be reached between to the two companies.
Dur develops, owns and manages hotels, restaurants, recreational centers and travel agencies. It also provides services to Umrah pilgrims, in addition to developing residential, hotel and commercial buildings.
Taiba is active in real estate; architectural and electrical contracting, maintenance and operation; and agricultural, industrial and mining activities. - TradeArabia News Service