TAM Development shareholders approve 6.2% dividend for 2025

TAM Development Co. shareholders approved on June 29 a board recommendation to pay a cash dividend of 6.2%, or SAR 0.62 per share, for fiscal year 2025.

The approval came at the company's annual general meeting. TAM, a Riyadh-based development services firm, works with government and private clients on project management, consulting, and program delivery across Saudi Arabia's infrastructure and urban development sectors.

The dividend is the company's payout for the 2025 fiscal year. TAM did not specify a record date or payment schedule. The dividend will be drawn from retained earnings, subject to regulatory requirements.

TAM shares trade on the Saudi Stock Exchange (Tadawul). The stock has shown limited movement since the announcement.