TAM Development receives SAR 43.7 mln contract signed with Ministry of Culture

31/07/2023 Argaam

TAM Development receives SAR 43.7 mln contract signed with Ministry of Culture

Logo of TAM Development Co. 

TAM Development Co. officially received, on July 30, the contract signed with the Ministry of Culture for a Film Commission project valued at SAR 43.74 million, including VAT, according to a Tadawul statement.  

 

The 18-month project aims to provide the needed consulting services and digital solutions to design and manage a project for the Film Commission. 

 

The related financial impact of the contract will be reflected starting from the third quarter of 2023, the statement said, adding that there are no related parties.  

 

The company announced the contract awarding and starting the signing procedures by both parties on May 29.

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