Saudi Arabia’s Taiba Investment, Dur Hospitality start talks to form $2.4 billion firm
Published 13 Jun,2021 via Bloomberg Markets - Taiba Investment Co. and Dur Hospitality Co. are in talks to combine their businesses, potentially forming a company with a total market value of about $2.4 billion in Saudi Arabia’s hospitality and investment industry.
The discussions are preliminary and may not lead to a combination, according to regulatory statements. The companies didn’t provide further information.
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Shaji Mathew