TAM bags project under ‘Quality of Life’ Program

TAM Development Co. received, on March 4, a project award letter under the “Quality of Life” Program with a total value exceeding 10% of its total annual revenues based on the audited financial statements for 2023.

The company will provide digital solutions and consulting services to develop an integrated digital platform for one of the key sectors within the “Quality of Life” Program, according to a Tadawul statement.

The company highlighted that the project aims to expand investment in digital solutions and products, including promising sectors in emerging technologies and AI. It also seeks to increase opportunities for integration with consulting services to create a compounded impact that contributes to achieving sustainable development goals.

There are no related parties to the deal, the statement added.

According to data available with Argaam, TAM's 2023 revenues amounted to SAR 188.4 million.