Tam Development Co. (9570)

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News

30 September 05:58 AM Tam Development unveils project award for Green Riyadh program

Riyadh — Mubasher: Tam Development Company has received an amendment to the award letter for a project providing community participation and event management consultancy services for the Green Riyadh program. The project was originally awarded by …

Companies Investments

10 September 08:46 AM Tam Development secures multiple international ISO, technical certifications

Riyadh — Mubasher: Tam Development Company has achieved a comprehensive suite of international certifications and technical accreditations during 2026. The company secured the CMMI Maturity Level 3 for both development and services, alongside the …

Company News

3 September 07:54 PM Tam Development delivers 80% profit decline in H1-26

Riyadh — Mubasher: Tam Development Company reported a 79.89% year-on-year (YoY) decline in net profit for the first half (H1) of 2026, falling to SAR 2.34 million from SAR 11.61 million in H1-25. The company attributed the result to a broader …

Financial Results

3 September 07:28 PM Tam Development’s board ratifies market transition, appoints advisor

Riyadh — Mubasher: The board of Tam Development Company approved the transition from the Nomu-Parallel Market to the Saudi Main Market during a meeting held on 30 August 2026. The decision aligns with the updated listing rules issued under the …

Company News

8 July 06:59 PM Tam Development enters into SAR 70m agreement with engineers council

Riyadh – Mubasher: Tam Development Company signed a framework agreement with the Saudi Council of Engineers for an estimated value of SAR 70 million. The contract was finalized on 2 July 2026 and focuses on the provision of specialized services …

Companies Investments

5 July 11:45 PM Tam Development to disburse over SAR 2m dividends; unveils share buyback program, contracts

Riyadh – Mubasher: Tam Development Company announced that its shareholders approved a cash dividend distribution for the 2025 fiscal year and authorized a strategic share buyback program, according to a bourse filing. The extraordinary general …

Companies Investments

15 April 01:06 PM Tam Development appoints Al Mutrafi as new CEO

Riyadh - Mubasher: Tam Development Company announced Firas bin Ghazi bin Ibrahim Al Mutrafi as the new CEO, effective 15 April 2026. This appointment follows the resignation of the former CEO Abdullah Anwar Mohammed Yousef on 14 April, according …

Real estate

25 September 2025 08:22 PM Tam Development inks SAR 38m contract with Saudi gov’t

Riyadh - Mubasher: Tam Development Company signed a SAR 37.99 million contract with a government entity, on 22 September, to provide digital and operational solutions. The 24-month deal is expected to impact the company’s financial results …

Companies Investments

27 March 2024 04:23 PM Tam Development mulls 12% cash dividends for 2023

Riyadh – Mubasher: Tam Development Company unveiled the board’s proposal to disburse cash dividends amounting to SAR 4.05 million, representing 12.30% of the capital, for 2023. The Saudi firm will pay a dividend of SAR 1.23 per share for 3.29 …

Board of Directors

10 January 2024 02:48 PM Tam Development rolls out SAR 17m deal

Riyadh – Mubasher: Tam Development Company inked an agreement valued at SAR 16.99 million with the Ministry of Hajj and Umrah, according to a bourse disclosure. The firm will provide the required consulting services along with digital solutions to …

Companies Investments

13 November 2023 00:06 PM Tam Development secures SAR 15m financing from Bank Aljazira

Riyadh – Mubasher: Tam Development Company has signed a SAR 15 million Sharia-compliant banking facilities agreement with Bank Aljazira. The company obtained the one-year financing on 12 November 2023 for the purpose of facilitating bank …

Companies Investments

1 October 2023 01:36 PM Tam Development secures SAR 25m financing from SAB

Riyadh – Mubasher: Tam Development Company signed a SAR 25 million Sharia-compliant financing facility agreement with Saudi Awwal Bank (SAB) on 20 September 2023. The funding term is 12 months and the agreement is guaranteed by a promissory note …

Banking and Finance

29 August 2023 11:10 AM Tam Development rolls out 3 project contracts exceeding SAR 45m

Riyadh – Mubasher: Tam Development Company was awarded three deals at a combined value of SAR 45.12 million, according to bourse disclosures. The Tadawul-listed firm inked a project contract worth SAR 28.96 million with the Film Commission for 24 …

Companies Investments

12 July 2023 00:12 PM Tam Development unveils cash dividends for 2022

Riyadh – Mubasher: Tam Development Company announced cash dividends amounting to SAR 2.79 million for 2022.  The Saudi firm will disburse SAR 0.85 per share for fro 3.29 million eligible shares, according to a bourse disclosure. Meanwhile, the …

Cash Dividends

13 June 2023 08:43 AM Tam Development to begin trading on Nomu this week

Riyadh – Mubasher: The Saudi Exchange (Tadawul) announced that Tam Development will commence the listing and trading of its shares on the Parallel Market (Nomu) on Wednesday, 14 June 2023. Under the symbol 9570, the digital solutions consultancy …

Trading Activities