TAM signs SAR 13M contract with CST

TAM Development Co. signed on Nov. 21 a project contract with the Communications, Space and Technology Commission (CST) at a total value of SAR 12.98 million, inclusive of VAT.

Under the 12-month contract, TAM will provide consultancy services and digital solutions for CST, the company said in a statement to Tadawul.

The project’s financial impact is expected to show in the third and fourth quarters of 2023 as well as the first and second quarters of 2024.

The contract was dated on Aug. 17, but was officially received by TAM on Nov. 21, the statement added.

Source : Argaam