Prime Highlights:
- Taiba Investments’ annual profit rose 9.32% to SR364.8 million, driven by higher visitor traffic in Makkah and Madinah.
- Earnings per share increased from SR1.28 to SR1.40, reflecting stronger financial performance for shareholders.
Key Facts:
- Total revenue grew 3.7% to SR1.36 billion, boosted by new hotel operations and real estate segment gains.
- Shareholders’ equity edged up to SR6.85 billion, while the company’s share price increased 3.03% to SR34.
Background:
Saudi Arabia’s Taiba Investments Co. reported a 9.32 percent increase in annual profit to SR364.8 million ($97.2 million), driven by higher revenue from pilgrim visits to the holy cities, according to a filing on Tadawul.
Net profit attributable to shareholders rose from SR333.7 million a year earlier, while earnings per share climbed to SR1.40 from SR1.28. Total revenue increased 3.7 percent to SR1.36 billion in the year ended December 31, 2025, up from SR1.32 billion in 2024.
Taiba, a hospitality and real estate developer supported by the Kingdom’s Public Investment Fund, focuses on hotel and property assets primarily in Makkah and Madinah. The company said the growth was fueled by stronger performance across its segments in these cities, higher visitor numbers, the start of operations at new facilities, and increased real estate revenues.
The SR31.1 million rise in net profit stemmed largely from improved operating performance, the reversal of a litigation provision following a contractual settlement, and capital gains from the expropriation of a property in Madinah.
However, the company’s total comprehensive income fell 55.53 percent to SR198.2 million from SR445.7 million. The decline was mainly due to a loss of SR166.6 million in other comprehensive income, compared with a gain of SR111.9 million the previous year. This drop was linked to lower fair values of financial derivatives used for hedging and decreases in the market value of certain investments measured through other comprehensive income.
Despite the fall in comprehensive income, shareholders’ equity edged up by 0.04 percent to SR6.85 billion. The market responded positively, with Taiba’s share price rising 3.03 percent to SR34 by 10:20 a.m. Saudi time.
The company’s results reflect a continuing recovery in the hospitality and real estate sectors, particularly in cities that host the annual Hajj and Umrah pilgrimages. With more visitors and better operations, Taiba Investments aims to continue growing and expand its properties in the holy cities.
