TAM shareholders approve 8.5% cash dividend for 2022

28/08/2023 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.


TAM Development Co.’s shareholders approved an 8.5% cash dividend, or SAR 0.85 per share, for 2022 during the extraordinary general meeting (EGM) held on Aug. 27.

 

Dividend Details (2022)

Current Capital

SAR 36.60 mln

Number of Shares

3.66 mln

Total Dividend

SAR 2.80 mln

Percentage of Capital

8.5% (SAR 0.85 a share)

Record Date

Aug.27, 2023 (Shareholders registered with Edaa on the second trading day after the record date)

Payout Date

Sept. 7, 2023

*Eligible shares stand at 3.29 mln shares 
 

According to data available with Argaam, this is the company’s first cash dividend since its listing on the Nomu-Parallel Market on June 14.

 

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website