RIYADH: Taiba Investment Co., a leading Saudi company in the fields of real estate, hospitality, and tourism, has announced the appointment of Mr. Sultan bin Badr Al-Otaibi as its new CEO, effective from January 1, 2024. Mr. Al-Otaibi succeeds Eng. Saleh bin Habdan Al-Habdan, who resigned from his position as CEO and was appointed as Managing Director of the company.
The announcement came after a meeting of the Board of Directors, which was elected by the company’s General Assembly on December 28, 2023.
The Board expressed its gratitude to Eng. Al-Habdan for his outstanding achievements and contributions during his tenure as CEO, and wished him continued success in his new role as Managing Director.
The Board also welcomed Mr. Al-Otaibi as the new CEO and expressed its confidence in his abilities and experience to lead the company to new heights of growth and excellence.
Mr. Al-Otaibi is a seasoned professional with more than 20 years of experience in the hotel and real estate sectors. He 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.
He has also completed several specialized programs and courses from Cornell Hotel University in the United States of America. Prior to joining Taiba Investment Co., he served as the CEO of Dur Hospitality Company, one of the leading hospitality companies in the region.