Incorporation and legal entity were established as a Saudi joint stock company under the Royal Decree No. (M / 41) dated 16/06 / 1408H and its establishment was announced according to the decision of His Excellency the Minister of Trade No. (134) dated 13/02/1409 AH corresponding to 09/24/1988 AD Taiba to a holding company according to the decision of the Twelfth Extraordinary General Assembly for the shareholders of Taiba, held on 4/15/1428 AH corresponding to 2/5/2007 AD. The articles of association of Tiba Holding Company Tiba Purposes: To own and invest real estate by buying, selling, renting and leasing, managing, operating and maintaining it. Owning, investing, managing, operating and maintaining hotels, hospitals and recreational and tourism facilities. Maintenance, management, and operation of cities, facilities, and public and private facilities. Architectural, civil, mechanical, and electrical contracting. Agricultural, industrial and mining activities in accordance with the regulations in force. Wholesale and retail trade in consumer goods, equipment, machinery, agricultural, electrical, and electronic devices, and catering. Providing credit and mortgage services. Supervising the implementation of the company's real estate projects. Good capital: the company’s capital amounted to one thousand five hundred million riyals 1,500,000,000 Saudi riyals paid in full divided into 150,000,000 one hundred and fifty million shares - after retailing - equal value, the value of each of ten riyals and all of them are ordinary and cash shares Out of (100,000) shareholders representing an elite group of businessmen, government agencies, legal persons and individuals.
