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Tam Development Approves Dividends and Buybacks
Tam Developmental Company approved a cash dividend payment of 2.05 million SAR, representing 6.2% of the nominal value of the share, with the payout date set for July 7, 2026. Shareholders also approved a share buyback program for up to 10,000 shares, to be financed through internal resources or bank facilities, and authorized the board of directors to execute it within 18 months. The meetings also included approval of related-party contracts and the appointment of auditors for 2026.
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