Tam Development receives SAR 10M purchase order from government entity

TAM to execute government project over 24 months

TAM Development Co. received on Dec. 29 a purchase order for a project valued at SAR 9.98 million, under the framework agreement signed with a government entity, the company said in a statement to Tadawul.

 

The 24-month purchase order aims to support and implement a program and initiative for one of the entity’s affiliated sectors, the statement noted, adding that there are no related parties.

 

In March 2024, TAM signed a three-year framework agreement worth SAR 200 million (including VAT) with a government entity, Argaam data showed.

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