TAM board proposes 10,000 share buyback

16/12/2025 Argaam- Nomu
TAM board notes that the stock trades below its fair value

TAM board notes that the stock trades below its fair value

Tam Development Co.’s (TAM) board of directors recommended the buyback of up to 10,000 shares, or 0.273% of its issued shares, to retain them as treasury shares, according to a statement to Tadawul.
 

The board of directors believes the stock trades below its fair value.

 

The share buyback will be financed through the company’s internal resources or bank facilities. The treasury shares currently held by the company account for 9.638% of its capital.

 

The recommendation will be presented for shareholders’ approval at the upcoming extraordinary general assembly. The repurchased shares will not have voting rights at shareholders’ assemblies.

 

According to Argaam data, the stock closed Dec. 15 session on Nomu-Parallel Market at SAR 81.95.

 

The company listed its shares in June 2023 at an offering price of SAR 130. Therefore, by the end of yesterday’s session the stock had declined by about 37%.

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