Saudi Arabia.. Taiba Investment shares closed with the largest daily gains in a month

Taiba Investment’s stock, listed and traded on the Saudi market “Tadawul”, rose by 4.09% at the end of Monday’s session, closing at 45.8 riyals per share.

Trading in Taiba Investment shares came with a trading volume of 375.14 thousand shares and a trading value of 17.01 million riyals.

The highest share price at that time was 45.85 riyals per share, while the lowest share price was 43.7 riyals per share.

The stock touched its highest price in 3 months.

Taiba Investment shares achieved the largest daily gains in a month, and the previous largest daily gains were in the session of last December 22.

It is noteworthy that the company’s net quarterly profits after deducting zakat and tax increased by 9.96% to 59.26 million riyals in the third quarter of the fiscal year 2024, compared to net profits of 53.9 million riyals during the third quarter of the fiscal year 2024.

Cumulatively, the company’s profits in the 9 months of the fiscal year 2024 increased by 69.76%, reaching 243.63 million riyals, compared to net profits of 143.5 million riyals in the 9 months of the fiscal year 2023.

Taiba Investments is a leading Saudi company in the field of hospitality and real estate, established in 1988. It manages a diversified portfolio of hotels and residential complexes in various regions of the Kingdom of Saudi Arabia, including real estate and commercial investments.

Last year, 2024, the company completed the merger with Dur Hospitality Company, which contributed to expanding its strategic portfolio and enhancing its presence in most regions of the Kingdom, especially in the Two Holy Mosques.