Taiba was established as a joint stock company in September 1988 with an authorized capital of SR. 3000 millions ($ 800 millions) and a subscribed capital of SR. 750 millions ($ 200 millions).

Taiba's main activities as mentioned in its article of associations include ownership, management and investment of Real Estate, Hotels, Hospitals, and Resort Areas. Taiba's activities also include general Contracting in the field of operation, maintenance, construction and electromechanical works in addition to projects in industrial, architectural, and mining sectors.