TAM Development BOD Recommends a Cash Dividend Distribution of 9.2% for 2024

TAM Development Company announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the year ending December 31, 2024, totaling SAR 3.03 million. The dividend per share is SAR 0.92, representing a dividend-to-par value ratio of 9.2%.

The company stated in a statement that the number of shares eligible for dividends is 3.29 million, indicating that the distribution date will be announced later.

The company stated that following the General Assembly’s approval of this recommendation, the dividend eligibility will be for the company’s shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the company’s records with the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the General Assembly. The date of the General Assembly will be announced later after obtaining the necessary official approvals.