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Tam revises contract for Green Riyadh consultancy
Tam Development Company announced a revision of the contract value for the consulting services project for the Green Riyadh Program to approximately 12.5 million SAR, following the cancellation of a specific operational clause. The company confirmed that this adjustment does not impact the project's overall profit margins. The operational clause was removed from the scope of work, leading to a recalculation of the contract value; however, the company clarified that the financial structure and expected profits will remain stable. These adjustments are part of routine contractual processes for major projects. The financial impact of this change will gradually appear in the company's results and is dependent on balancing costs between the excluded and remaining activities.
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