TAM board recommends 8.5% cash dividend for 2022

12/07/2023 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.

TAM Development Co.’s board of directors recommended, on July 11, the payment of a cash dividend at 8.5% of capital, or SAR 0.85 a share, for 2022, according to a statement to Tadawul. 

 

Dividends Details (2022)

Current Capital

SAR 36.60 mln

No. of Shares

3.66 mln

Total Dividends

SAR 2.80 mln

Percentage of Capital

8.5% (SAR 0.85 a share)

Record Date

Shareholders registered with Edaa on the second trading day following the record date

Payment Date

To be determined

*Number of shares eligible for dividends: 3.29 mln

 

This marks the first payout by TAM since its listing on Nomu-Parallel Market on June 14.

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