TAM board recommends 12.3% cash dividend for 2023

Logo of TAM Development Co.

TAM Development Co.’s board of directors recommended today, March 27, a 12.3% cash dividend, or SAR 1.23 per share, for 2023, the company said in a statement to Tadawul.

 

Cash Dividend (2023)

Capital 

SAR 36.60 mln

Number of Shares*

3.66 mln 

Total Dividend 

SAR 4.05 mln 

Percentage of Capital 

12.3% (SAR 1.23 per share) 

Record Date 

Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly's meeting

Payment Date 

Will be announced later

* The number of shares set for dividend is 3.29 million.

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