Tam Development Approves SAR 2.05M Dividend Distribution

TAM DEVELOPMENT

TAM DEVELOPMENT

9570.SA

0.00

Tam Development Company announced on June 30, 2026 the results of its Extraordinary General Assembly Meeting held on June 29, 2026, with 58.70% shareholder attendance. The meeting approved cash dividends of SAR 2,050,500 (62 halalas per share, representing 6.2% of nominal value) for fiscal year 2025, payable July 7, 2026. Key approvals included appointing BDO as auditor for 2026-2027 with fees of SAR 555,000, authorizing the Board to distribute interim dividends for 2026, and approving the company's purchase of up to 10,000 treasury shares within 18 months. The assembly also approved related-party transactions totaling SAR 3,107,053 with Bupa Arabia, Careem Transportation, and Deep Systems for Artificial Intelligence, and granted SAR 540,000 in bonuses to non-executive Board members.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96508&anCat=1&cs=9570&locale=ar

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