• Daily News
  • Weekly News
  • Special Editions
  • Oil and Gas Events
  • Key Economic Indicators
  • Other Services
Country List
  • Algeria
  • Bahrain
  • Egypt
  • Iran
  • Iraq
  • Kuwait
  • Libya
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
  • Yemen
  • General News
PAM
  • Project Activity Monitoring
  • Company Activity Monitoring

For Free Headlines Submit Your Email

Login  

Friday, May 9, 2025 11:0 GMT

  • Home
  • About Us
  • Archive
  • Contact Us

News

Saudi TAM Sets Price Range & Start of Subscription for IPO


TAM Development Co, a Saudi-based digital solutions and management consultancy, has opened the subscription for its initial public offering (IPO) of 585,600 shares representing 16% of firm’s share capital on the Nomu-Parallel Market. The price range has been set between SR100 (US$26.67) and SR130 (US$34.67) per share. The subscription period will run for five days from May 21 to May 25 for qualified investors only, and the final allocation of the offer shares will take place on May 30. The book-building process for qualified investors will be led by Yaqeen Capital, and 16% of the total issued share capital of TAM will be made available under the offering, which was approved by the Capital Market Authority (CMA) on December 29, 2022.

Unique model

TAM offers a unique model that integrates digital solutions and advisory services, partnering with its clients to lead public impact. It delivers effective, efficient, and sustainable services by leveraging the latest technologies. Its in-house and extended partners are equipped to design state-of-the-art digital solutions that complement its Advisory practice. TAM has witnessed strong growth for more than 10 years under the leadership of Abdullah A Yousef, Founder and CEO of TAM. It has evolved from a digital solutions company to one that incorporates advisory services. Today, TAM has delivered more than 150 national projects and served more than 20 sectors in Saudi Arabia and in the region. TAM has more than 200 employees and expert contractors, and calls some of the leaders in their fields as board members, including Omar Aljeraisy, Chairman of TAM, angel investor, author and board member of several successful Saudi enterprises, such as Thmanyah, a leading podcast platform and documentary producer, and Dr. Abdulla Elyas, Co-founder of Careem, a successful ride-hailing business that was acquired by Uber Technologies, in 2019


published:23/05/2023 05:30 GMT

Related News

  • TAM Gets CMA Nod for IPO & Saudi Share Listing  24/01/2023 05:17 GMT

© 2025 BEDigest. All Rights Reserved.

to read more about this project please go to