Investor Presentaiton
طيبة للاستثمار
TAIBA INVESTMENTS
J9JUR
Taiba Investments ("Taiba") acquisition of Dur Hospitality ("Dur") - a highly
compelling transaction between two established hospitality developers in KSA
The proposed transaction combines two hospitality players with complementary portfolios that enables stronger market outreach while capitalizing on the
National Tourism Strategy, coupled with potential long term value creation for all shareholders
Taiba: Shareholders to own 62% of
Taiba post transaction
طيبة للاستثمار
TAIBA INVESTMENTS
1:1 exchange ratio - 1 share of Taiba
for each share of Dur
Key transaction highlights
J9JUR
>
Premium of 22.5% as of the last trading day
prior to the day of signing of Implementation
Agreement date and a premium of 31.0% to
Dur unaffected share price as of 15/12/2022
Dur: Shareholders to own 38% of
Taiba post transaction
>
Implying a valuation of SAR 29.5
for each Dur share
■Total combined market cap of SAR6.8bn², resulting in the creation of #3 largest hospitality company (post transaction) in the KSA by market cap
Strong EPS accretion potential for Taiba and Dur shareholders
■Combined management excellence and expertise to manage the company post transaction and drive future growth from operational efficiency and planned
development projects
Source: Saudi Exchange
Notes: 1 April 06, 2023; 2 Based on combined market caps of both Taiba and Dur, as of November 08, 2023
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