TAM wins SAR 4.5M project from Ministry of Hajj

Logo of Tam Development Co.

Tam Development Co. (TAM) was awarded on Dec. 8 a project valued at SAR 4.5 million by the Ministry of Hajj and Umrah, including VAT.

 

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In a statement to Tadawul, TAM said it will provide consulting services to design and implement a project for the ministry.

 

The contract is expected to be signed on Jan. 1, 2025.

 

TAM added that the relevant financial impact is likely to show starting Q1 2025, noting that there are no related parties to the deal.

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