Taiba Holding Company announces that Arab Tourism Areas Company (Arak) – a subsidiary of Taiba Holding – has sold the Arak Hotel in Makkah

Taiba Holding announces the establishment of the Arab Company for Tourist Zones (Arak) – one of the subsidiaries of Taibeh Holding, which has a good contribution of 86.87% of its capital – on 14/03/03/21 H corresponding to 2015/01/12. The total cost of the hotel is SR (187,589,376), which means a profit of Arak (142,410,624) of the total value of the sale. Real will be reflected the financial impact of the sale process mentioned God willing on the lists Financial good for my company and see you in the first quarter ended 31/3/2015 m.