Riyadh – Mubasher: Taiba Investments Company announced a net profit worth SAR 124.80 million during the first quarter (Q1) of 2026, reflecting a 4.95% decrease from SAR 131.30 million in Q1-25.
The company generated 7.79% higher revenue that reached SAR 385.70 million in January-March 2026 when compared to SAR 357.80 million in the same quarter a year earlier.
Taiba Investments attributed the annual revenue growth to “higher revenues from the company’s hotel and residential segments, driven by improved occupancy rates. In addition, revenues from the company’s properties in Makkah and Madinah increased because of higher numbers of visitors and Umrah performers.”
The company added: “The growth was further supported by the commencement of operations of newly added properties to the company’s portfolio, including Rixos Obhur Jeddah Resort.”
Moreover, the earnings per share (EPS) went down to SAR 0.48 in Q1-26 from SAR 0.50 in Q1-25.
On a quarterly basis, the net profits in Q1-26 marked an 89.09% growth from SAR 66 million in October-December 2025, while the revenue increased by 7.07% from SAR 360.20 million in Q4-25.
In 2025, Taiba Investments registered net profits worth SAR 364.80 million in addition to revenue of SAR 1.36 billion.
