Logo ofTamkeen Human Resource Co.
Tamkeen Human Resource Co. issued the prospectus for the initial public offering (IPO) of 7.95 million shares on the Main Market (TASI). 
The company obtained, on Sept. 4, the approval of the Capital Market Authority (CMA) on the IPO. It also received, on June 30, conditional approval from the Saudi Exchange (Tadawul) on the offering.
The IPO will run for two days between Nov. 5-6.
The offer shares represent 30% of the company’s 26.5 million share capital amounting to SAR 265 million, at a par value of SAR 10 apiece.
The IPO proceeds will be distributed to selling shareholders on a pro-rata basis, after deducting the offering costs. The company will not recognize any of these proceeds.
Based in Saudi Arabia, Tamkeen specializes in workforce solutions in the Kingdom, providing a wide range of customized recruitment services to corporate and individual clients locally.
Established in 2018, Tamkeen has a market share of 4% as of FY 2022.
The company operates through a network of 17 Kingdom-wide branches, backed by a diversified group of employees, including more than 14,000 workers from eight different nationalities. Tamkeen offers its services to the corporate and retail segments, catering to their hourly and contractual needs.
In 2022, Tadawul-listed Dr. Sulaiman Al Habib Medical Services Group acquired a 25% stake in Tamkeen, according to Argaam’s data.
Logo ofTamkeen Human Resource Co.
Tamkeen Human Resource Co. issued the prospectus for the initial public offering (IPO) of 7.95 million shares on the Main Market (TASI).
The company obtained, on Sept. 4, the approval of the Capital Market Authority (CMA) on the IPO. It also received, on June 30, conditional approval from the Saudi Exchange (Tadawul) on the offering.
The IPO will run for two days between Nov. 5-6.
The offer shares represent 30% of the company’s 26.5 million share capital amounting to SAR 265 million, at a par value of SAR 10 apiece.
The IPO proceeds will be distributed to selling shareholders on a pro-rata basis, after deducting the offering costs. The company will not recognize any of these proceeds.
Based in Saudi Arabia, Tamkeen specializes in workforce solutions in the Kingdom, providing a wide range of customized recruitment services to corporate and individual clients locally.
Established in 2018, Tamkeen has a market share of 4% as of FY 2022.
The company operates through a network of 17 Kingdom-wide branches, backed by a diversified group of employees, including more than 14,000 workers from eight different nationalities. Tamkeen offers its services to the corporate and retail segments, catering to their hourly and contractual needs.
In 2022, Tadawul-listed Dr. Sulaiman Al Habib Medical Services Group acquired a 25% stake in Tamkeen, according to Argaam’s data.
