TAM gets SAR 15M PO under government framework agreement

The purchase order is to support and implement a program and an initiative for one of the government entity’s sectors

TAM Development Co. received a SAR 14.97 million purchase order (PO) for a project under a framework agreement signed with a government entity, the company said in a statement to Tadawul.

The purchase order is to support and implement a program and an initiative for one of the government entity’s sectors.

The PO letter was dated Oct. 27, while the award notification was received via email on Dec. 3.

There were no related parties to the deal, the statement said.

According to data available with Argaam, TAM Development signed, in March 2024, a three-year framework agreement worth SAR 200 million, inclusive of VAT, with a government agency.