TAM announces first cash dividends since Nomu listing
- Date: 15-Jul-2023
- Source: Consultancy ME
- Sector:Financial Markets
- Country:Saudi Arabia
TAM announces first cash dividends since Nomu listing
Saudi consultancy TAM has announced its first cash dividends since listing on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) last month.
On Wednesday 14 June 2023, TAM went public on Nomu, following an IPO process that kicked off late 2022. TAM listed 16 per cent of its share capital, as part of its ambition to embark on its next chapter of growth.
In a bourse disclosure, TAM has unveiled that it will distribute cash dividends of SAR 2.79 million for its fiscal year 2022. The management consulting and digital solutions firm will disburse SAR 0.85 per share for 3.29 million eligible shares.
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