Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year ending on 12/31/2023

Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year ending on 12/31/2023

Element List

Explanation

Introduction

Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for the fiscal year ending on 12/31/2023

Date of the board’s recommendation

2024-03-27 Corresponding to 1445-09-17

The Total amount distributed

4051620 Saudi riyals

Number of Shares Eligible for Dividends

3.294.000

Dividend per share

1.23 SAR Per Share

Percentage of Dividend to the Share Par Value (%)

12.3 %

Eligibility date

Dividends will be paid to the company's shareholders registered with the Securities Depository Center Company "EDAA" at the end of the second trading day following the date of the company's general assembly. The date of the company's general assembly meeting will be determined after obtaining regulatory approvals from the relevant government agencies

Distribution Date

The dividend payment date will be determined after the company’s General Assembly approves this recommendation, within a period not exceeding (15) working days from the due date of these dividends specified in the General Assembly’s resolution.

The name of other official authorities and the details of their non-refusal to the recommendation or decision

N/A