TAM awarded project by ETEC

22/06/2025 Argaam
Logo ofTAM Development Co. (TAM)

Logo of TAM Development Co. (TAM)

TAM Development Co. (TAM) received, on June 19, a project award notification from the Education and Training Evaluation Commission (ETEC). The total value of the award exceeds 5% of the company’s annual revenue, based on audited financial statements for 2024.

 

The two-year project involves providing consultancy services to enhance the performance and execution of the Commission’s projects, TAM said in a statement to Tadawul.

 

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The scope of work includes improving the performance of the ETEC’s initiatives, overseeing the progress of communication projects, offering advisory studies to boost efficiency, and supporting implementation efforts.

 

The deal’s financial impact is expected to appear in Q4 2025, TAM added.

 

According to Argaam data, TAM’s revenue for 2024 stood at SAR 273.4 million, making the project’s estimated value around SAR 13.7 million.

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