Tam Development Co. Announces Contract Sign Off with Government Entity

Element ListExplanation
IntroductionTam Development company would like to announce that it has signed a contract for a project for government entity, at a value of 200,000,000 SAR including VAT.
Date of Announcement of the Award2024-01-25 Corresponding to 1445-07-13
Contract Subject MatterThe scope includes providing the needed consulting services along with digital solutions for a government entity
The Entity with Which the Contract was SignedGovernment Entity
Date of Signing the Contract2024-03-18 Corresponding to 1445-09-08
Contract Value34,990,000 SAR including VAT
Contract DetailsThe scope includes providing the needed consulting services along with digital solutions to design and manage a project for government entity
Contract Duration200,000,000 SAR including VAT
Financial Impact and the Relevant PeriodIt is expected that the financial impact of this contract will be reflected starting from the third quarter of the fiscal year 2024
Related PartiesN \ A
Additional InformationNote:

 

• The award letter was issued on 23/01/2024 and

• The contract signing date was on 18/03/2024, and the signed version from both parties was received on 22/03/2024.