Taiba Holding announces the results of its board meeting

The Board of Directors of Taiba Holding Company held its meeting at Makkah Arak Hotel in Makkah on Wednesday, 13/2/1434 H corresponding to 26/12/2012. The Board reviewed the progress of the various investments and investments of Taiba Holdings and its subsidiaries and associates. Which is the most important of which is the adoption of the planning budget for the year of 2013. It is worth mentioning that Makkah Arak Hotel is the first of the Taiba Group Hotels outside the Medina area where the Arab Company for Tourist Areas (Arak) Holding of this five star hotel on the main road Ajyad about 1700 meters from the Holy Mosque, which consists of 14 floors with 436 rooms and suites of different sizes and designs in addition to the role of the chapel and the role of the restaurant and the role of mezzanine and the role of land allocated as a commercial area and reception of the hotel and three And it is expected that it will open in January next year, which will increase the revenues of the activity of Arak and thus will have an effect on the financial statements of Taiba Holding starting from the first quarter of the fiscal year 2013, God willing.