TAM Development Company at its Extraordinary General Assembly meeting held on June 11, 2024, approved of the Board of Directors- recommendation to distribute cash dividends in the amount of (4,051,620 Saudi riyals) to shareholders for the financial year ending on (December 31, 2023) at a rate of (1.23 riyals) per share, at a rate of (12.3%) of the nominal value of the share. Eligibility will be for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company-s shareholder registry with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. The dividend distribution date will be announced later.