TAM shareholders OK 9.2% cash dividend for 2024

16/06/2025 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.

TAM Development Co.’s shareholders approved the board’s proposal to distribute a cash dividend at 9.2% of capital, or SAR 0.92 a share, for 2024, during the ordinary general meeting (OGM) held on June 15, according to a statement to Tadawul.

 

Cash Dividends

Current Capital

SAR 36.60 mln

Number of Shares*

3.66 mln

Total Dividends

SAR 3.03 mln

% of Capital

9.2% (SAR 0.92 ashare) 

Record Date

June 15, 2025 Shareholders of record and those registered with Edaa on the second trading day following the general meeting.

Payment Date

June 29, 2025

*The number of eligible shares is 3.29 mln

 

Shareholders further approved authorizing the board to distribute interim dividends on a semi-annual or quarterly basis for 2025.

 

All other agenda items were also endorsed, the statement added.

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