9 hours ago
TAM awarded project by ETEC
TAM Development Co. (TAM) received, on June 19, a project award notification from the Education and Training Evaluation Commission (ETEC) with a total value exceeding 5% of the company's annual revenue based on its audited financial statements for 2024.
In a statement to Tadawul, TAM pointed out that the two-year project involves providing consultancy services to enhance the performance and execution of the Commission's projects.
The scope of work includes improving the performance of the ETEC's initiatives, overseeing the progress of communication projects, offering advisory studies to boost efficiency, and supporting implementation efforts.
The deal's financial impact is expected to appear in Q4 2025, TAM added.
According to Argaam data, TAM's revenue for 2024 stood at SAR 273.4 million, making the project's estimated value around SAR 13.7 million.
