12/08/2025 05:00 AST

Millennium Hotels and Resorts Middle East & Africa, in partnership with Saudi Forward Hospitality Company Taiba, has announced the relaunch of Millennium Al Aqeeq and Millennium Taiba in Madinah.

Strategically located steps from Al-Masjid An-Nabawi, both properties offer a spiritually enriching stay experience for Umrah pilgrims, families, and travellers seeking comfort rooted in Islamic hospitality.

"These properties are more than key assets in our portfolio-they are landmarks of faith, connection, and culture," said Ali Al Zaabi- President of Millennium Hotels MEA. "Our partnership with Taiba ensures that every guest, whether a pilgrim, traveller, or visitor, is welcomed with a seamless, enriching experience rooted in the values of Islamic hospitality and cultural reverence."

Following an extensive enhancement of service and guest touchpoints, the hotels will offer upgraded digital booking journeys, enhanced dining concepts, and customised services for religious travellers.

Sultan Al-Otaibi, Chief Executive Officer, Taiba, commented: "This strategic relaunch embodies our shared vision with Millennium Hotels and Resorts Middle East & Africa, to deliver world-class hospitality experiences that honor the spiritual significance of Madinah. At Taiba, we recognise the profound responsibility that comes with serving pilgrims and visitors to one of Islam's holiest sites. "

Al-Otaibi added: "Through this partnership, we are raising the standard of religious hospitality, seamlessly blending comfort, reverence, and service excellence. This initiative is a key milestone in our broader commitment to support the goals of Saudi Arabia's Vision 2030, particularly in positioning the Kingdom as a leading global destination for religious tourism."


Trade Arabia

Taiba Investments profit rises 9% on stronger pilgrim-driven revenue

03/03/2026

Saudi Arabia's Taiba Investments Co. reported a 9.32 percent rise in annual profit to SR364.8 million ($97.20 million) as higher pilgrim flows lifted revenue to SR1.36 billion, a filing on Tadawul sh

Arab News

Taiba unit in deal to build 159-key hotel project in Riyadh

15/12/2025

Saudi-based Taiba Investments Company has announced that one of its key subsidiaries, Smart Hotel Zone Company, had signed a construction contract with Al Saad Contracting Company for a key hotel pro

Trade Arabia

Taiba launches its New Identity, showcasing Forward Hospitality and the Charm of Welcome

03/10/2025

Taiba has officially launched its new corporate identity at a ceremony held in Riyadh, marking a pivotal milestone in the company's brilliant journey. This transformation positions Taiba as a fully i

Saudi Gazette

Ticker Price Volume
TAIBA Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
MASAR 16.75 0.00 (0.00%)
DARALARKAN 17.94 0.20 (1.12%)
JABALOMAR 15.45 0.11 (0.71%)
MCDC 84.80 -0.30 (-0.36%)
CENOMICENTERS 17.35 0.10 (0.57%)
Parkin signs deal with Binghatti to manage parking spaces

15/04/2026

Parkin Company, the largest provider of paid public parking in Dubai, will manage 1,200 spaces across selected Binghatti developments located in Jumeirah Village Circle, Al Jaddaf and Business Bay. <

Khaleej Times

Asyad Shipping expands fleet with 3 new bulk carriers worth $209mn

15/04/2026

Asyad Shipping Company has taken delivery of three Newcastlemax dry bulk carriers as part of its ongoing fleet expansion strategy, the company said in a disclosure to the Muscat Stock Exchange.
<

Muscat Daily

Aramco Digital partners with Cumulocity to deliver industrial AIoT solutions

15/04/2026

Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.

Trade Arabia

AD Ports Group signs deal explore investment in key Romania port

15/04/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports Administration, the administrator of the

Trade Arabia

Aldar launches first phase of premium Abu Dhabi mid-rise community project

15/04/2026

Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new residential community in the heart of Yas Island that introduces a distinctive garden-led living conce

Trade Arabia