Announcement of the implementation of the transformation, restructuring and capacity building plan of Taeba Holding

Taiba Holding Company announces that its Board of Directors approved on 01/02/2017 the plan of transformation, restructuring and capacity building of the Company for the period from 2017 to 2021 in line with the strategic and future directions of the vision of Saudi Arabia in 2030. On the one hand, The objective of this plan is to transform Taibah Holding from a multi-purpose company, activities and investments in various sectors into an investor and real estate developer through the implementation of several strategic and operational initiatives to implement the transformation process related to the growth of investment The company’s current investments, expansion and expansion of its future investments and various real estate products that meet the growing demand for these products, build its human resources capacity according to the latest management practices based on talent management, and update the technical systems to cope with the rapid developments in this regard. Performance and improvement of productivity levels through the transition to a new organizational structure that accommodates all major activities in the fields of investment and real estate development and increases the efficiency of the performance of the company and be more flexible to meet the changes, where Start applying that structure gradually according to the need of the company’s circumstances and in the light of the activities and initiatives for each stage of the plan, including future projects of Taiba Holding according to the approved programs of time. God bless ..