TAM shareholders approve 8.5% cash dividend for 2022

28/08/2023 Argaam

TAM shareholders approve 8.5% cash dividend for 2022

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.

 

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