Dur Hospitality and Taiba Investments Discuss Possible Merger
Posted on 06/13/2021
Saudi Arabia-based Dur Hospitality Co. and Taiba Investments Co. are in talks to merge, according to bourse statements. The combined company could be worth US$ 2.4 billion. Dur Hospitality Co is a lodging facilitator in Saudi Arabia. Its core business is the operation of hotels and residential facilities. Taiba Investments manages a portfolio of diversified investments spanning a number of sectors including real estate, hospitality, agriculture and industry.
