Tam Development Co. announces the board of director’s recommendation to distribute cash dividends for Fiscal year ending 12/31/2024
| Element List | Explanation |
|---|---|
| Introduction | Tam Development Company announces the Board of Directors’ recommendation to distribute cash dividends to shareholders for the fiscal year ending 12/31/2024. |
| Date of the board’s recommendation | 2025-03-22 Corresponding to 1446-09-22 |
| The Total amount distributed | (3,030,480 riyals) only, amounting to three million, thirty thousand, four hundred and eighty Saudi riyals |
| Number of Shares Eligible for Dividends | 3,294,000 Shares |
| Dividend per share | 0.92 SAR Per Share |
| Percentage of Dividend to the Share Par Value (%) | 9.2 |
| Eligibility date | After the General Assembly approves this recommendation, the right to dividends shall be for the company’s shareholders who own shares at the end of trading on the day of the company’s General Assembly and who are registered in the company’s records with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly, the date of which will be announced later after obtaining the necessary official approvals. |
| Distribution Date | The distribution date will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N A |
| Additional Information | We kindly request all shareholders to update their bank details to ensure that the cash dividends due are deposited directly into their accounts.
The Company would also like to draw its shareholders' attention to the following regulation regarding the payment of dividends: For foreign non-resident investors the dividend paid by the Company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article 68 of the Saudi Arabia Income Tax Law and Article 63 of the Implementing Regulations of the Saudi Arabia Income Tax Law.
If any Tam Development Company’s shareholder has any query relating to this dividend distribution, please contact the Shareholder Relations Department via email: IR@TAM.SA
For further insights about TAM development Co. 2024 performance and the future outlook please refer to the attached accompanying press release. |
| Attached Documents |  |
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