This report is based on public company disclosures, filings and announcements reviewed by GSN; figures are as stated by the company and have not been independently verified.

TAM (Tadawul: 2222) announced on Sunday, September 13, 2026, that it has amended a contract related to the Royal Commission for Riyadh City (RCRC) project. According to a disclosure published on the Argam website, the total value of the amended contract is now set at SAR 12.51 million. The announcement was made on the Tadawul exchange, where TAM is listed.

The disclosure indicates that TAM has entered into an amendment with the RCRC. The specific nature of the changes to the original agreement is not detailed in the headline summary, but the financial implication is a defined contract value of SAR 12.51 million. This figure represents the updated financial commitment or revenue recognition associated with the project scope as defined in the amended agreement.

TAM is a publicly traded company headquartered in Saudi Arabia. The company operates within the energy and infrastructure sectors, often engaging in large-scale industrial and construction projects. The RCRC is a government entity responsible for the development and planning of the capital city. Contracts of this nature are significant for TAM as they contribute to its order book and potential future revenue streams. Investors monitor such disclosures to assess the company’s pipeline of work and its ability to secure and execute government-related projects.

The announcement serves as a formal notification to the market regarding the status of this specific project. By amending the contract, TAM and the RCRC have likely adjusted terms, timelines, or scope, resulting in the finalized value of SAR 12.51 million. This update provides clarity on the financial exposure and expected contribution from this particular engagement.

For investors, the key takeaway is the confirmation of the contract value. The amount of SAR 12.51 million is a material figure that TAM must report in its financial statements. It reflects the company’s ongoing operational activity and its relationship with major public sector clients in Saudi Arabia. The disclosure ensures that market participants have access to the same information regarding the company’s contractual obligations and potential earnings.

The source of this information is the official disclosure platform monitored by financial news services. The data is attributed directly to the company’s filing. No other independent sources were cited in the provided candidate list for this specific story. The report relies solely on the text of the announcement regarding the contract amendment.

TAM continues to be an active participant in the Saudi market. This latest update on the RCRC project adds to the body of knowledge regarding the company’s current projects. Stakeholders will likely look for further details on the execution timeline and delivery milestones in subsequent reports or financial updates from TAM.

Sources