TAM board notes that the stock trades below its fair value
Tam Development Co.’s (TAM) board of directors recommended the buyback of up to 10,000 shares, or 0.273% of its issued shares, to retain them as treasury shares, according to a statement to Tadawul.
The board of directors believes the stock trades below its fair value.
The share buyback will be financed through the company’s internal resources or bank facilities. The treasury shares currently held by the company account for 9.638% of its capital.
TAM board notes that the stock trades below its fair value
Tam Development Co.’s (TAM) board of directors recommended the buyback of up to 10,000 shares, or 0.273% of its issued shares, to retain them as treasury shares, according to a statement to Tadawul.
The board of directors believes the stock trades below its fair value.
The share buyback will be financed through the company’s internal resources or bank facilities. The treasury shares currently held by the company account for 9.638% of its capital.
