Tam Development bags SAR 38M contract from government entity

Tam Development Co., listed on the Nomu- Parallel Market, announced that it was awarded, on August 5, a contract by a government entity for a total value of SAR 38 million, according to a statement to Tadawul.

Under the contract, the company will provide digital and operational solutions services for a government entity.

There are no related parties involved, the statement added.

The contract signing date is expected on Oct. 15, 2025, with the financial impact anticipated to appear as of Q1 2026.