by: TN Media News: Taiba Investments, a leading hospitality company in Saudi Arabia, reported a net profit of SAR 131.3 million for the first quarter of 2025, marking a 37% increase compared to the same period last year. The rise was attributed to higher revenues from the company’s hotel and residential sectors, according to a statement published on the Saudi Stock Exchange (Tadawul) website.
The company’s net profit for Q1 2025 rose by 36.6% year-on-year to SAR 131.3 million, up from SAR 96.1 million in Q1 2024.
During the first quarter of 2025, Taiba Investments generated operating revenues of SAR 357.8 million, reflecting an increase of SAR 25.7 million or 7.7% compared to SAR 332.1 million in the same quarter of 2024. This growth was primarily driven by improved occupancy rates and increased revenues from the company’s properties in Makkah and Madinah, fueled by a rise in the number of visitors and Umrah pilgrims, as well as seasonal factors.
Earnings per share rose by 36.6% to SAR 0.50 in Q1 2025, up from SAR 0.37 during the same period last year.
On a quarterly basis, Taiba’s revenues in Q1 2025 increased by SAR 20.5 million, or 6.1%, compared to the fourth quarter of 2024. The increase was supported by higher property revenues and the seasonal nature of the company’s operations. Meanwhile, net profit surged by 45.7%, rising by SAR 41.2 million compared to Q4 2024.
Sultan Badr Al-Otaibi, CEO of Taiba Investments, stated: “The increase in Taiba’s profits during the first quarter of 2025 reflects the remarkable growth of the Kingdom’s tourism sector, supported by the Saudi government’s initiatives under Vision 2030.”
“This progress has positively impacted the hospitality sector, leading to a clear improvement in overall revenues,” Al-Otaibi added.
He further noted: “The Q1 financial results highlight the strong returns of our strategic investments in providing a premium accommodation experience that meets international standards. Our commitment to hospitality enhances the spiritual journey of pilgrims and Umrah performers, reflecting the essence of Saudi hospitality.”
Taiba Investments currently manages a portfolio of approximately 40 properties, including hotels, residential communities, and commercial plazas. The company operates over 7,700 keys and has eight additional properties under development. It also maintains strategic partnerships with global hotel brands such as Marriott International, Sheraton, Crowne Plaza, and Holiday Inn.
