Taiba Investment Co. Board of Directors held a meeting on corresponding to December 31, 2023 after being elected by the company-s General Assembly on 15-6-1445 H, corresponding to December 28, 2023 The Board took a number of decisions, including accepting the resignation of Eng. Saleh bin Habdan Al-Habdan from the position of CEO and appointing him as Managing Director of the company effective from 19-6-1445 H corresponding to January 1, 2024.

The Board of Directors also decided to approve the appointment of Mr. Sultan bin Badr Al-Otaibi as CEO of Taiba Investment Company, effective corresponding to January 1, 2024. The Board of Directors also wished Mr. Sultan bin Badr Al-Otaibi success in his work as CEO of the company. Mr. Sultan Al-Otaibi holds a bachelor's degree in accounting from King Saud University, and a master's degree in hotel management from the Emirates Academy for International Hospitality accredited by the University of Lausanne in Switzerland, in addition to a number of specialized programs and courses from Cornell Hotel University in the United States of America, and he has hotel and real estate experience for more than 20 years, he has held a number of leadership positions at Dur Hospitality Company, most recently the position of CEO of the company before his appointment as CEO of Taiba Investment Company.