TAM signs SAR 17M contract with Ministry of Hajj and Umrah

10/01/2024 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co. 

TAM Development Co. received on Jan. 9 a contract signed with the Ministry of Hajj and Umrah at a total value of SAR 17 million (VAT inclusive).

 

In a statement to Tadawul, TAM said the contract is valid for 12 months. The company will establish and operate the project management office, and accelerate the completion of the project for the Ministry of Hajj and Umrah.

 

The relevant financial impact is expected to appear in the first and second quarters of 2024. There are no related parties to the contract.

 

The contract dates back to Jan. 4.

 

The project was won by TAM in October 2023, Argaam reported.

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