Tam Developmental Shareholders Approve Dividends and Buyback
Tam Development Company has approved a cash dividend distribution of 2.05 million riyals, at a rate of 62 halalas per share, representing 6.2% of the nominal value. The dividend payout is set to commence on July 7, 2026. Additionally, the company approved a share repurchase program for up to 10,000 shares, with the Board of Directors authorized to implement it within 18 months, and to hold the repurchased shares for a period not exceeding 10 years. Furthermore, the General Assembly approved the financial statements for 2025 and appointed an auditor for the upcoming fiscal year.
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