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Taiba initiates Nuzul Shada Hotel sale
Tiba Investment Company has decided to initiate the voluntary liquidation procedures for Nuzul Shada Hotel Company, which is owned by Dur Hospitality, a subsidiary of the company. Dur Hospitality holds a 60% stake in the company's capital, amounting to 40 million Saudi riyals. This decision comes as part of a review of the company's investment portfolio in line with its strategic objectives, with no significant impact expected on the consolidated financial results until the liquidation is completed.
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