Tamkeen Human Resources Company

Tamkeen Human Resources Company

TTADAWUL:1835
38.30
SAR
-1.08
(-2.74%)
3.68EPS
12.58P/E
1.22BMarket Cap
Nov 10Next Earn
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
18.71
27.23
38.27
39.44
Basic EPS, GAAP
2.26
3.23
3.59
3.65
Free Cash Flow per Basic Share
1.04
0.35
3.52
3.66
Dividend per Share
- -
1.32
3.48
2.55
Book Value per Share
11.33
13.2
13.27
14.17
Tangible Book Value per Share
11.11
12.85
12.83
13.7
Basic Weighted Avg Shares
27
27
27
27
Sales/Revenue/Turnover
496
722
1,014
1,045
Operating Margin (%)
11.12
10.1
9.52
9.37
Depreciation Expense
22
28
40
40
Net Income, GAAP
60
86
95
97
Effective Tax Rate (%)
12.06
9.12
8.65
8.91
Profit Margin (%)
12.07
11.85
9.38
9.24
Working Capital
253
324
339
361
LT Debt
8
10
9
12
Total Equity
302
352
355
379
Return on Invested Capital (%)
- -
18.09
22.83
22.85
Return on Capital (%)
- -
25.13
25.63
25.43
Return on Common Equity (%)
- -
26.31
27.12
26.7

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
9
3
LT Borrowings
- -
- -
- -
LT Finance Leases
9
6
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
1,431
1,216
1,215

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
501
511
530
Cash, Cash Equivalents & STI
212
227
230
Accounts Receivable, Net
185
182
194
Inventories
- -
- -
- -
Total Current Liabilities
162
182
169
Payables & Accruals
- -
- -
- -
ST Debt
6
9
3
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
0.94%
Free Cash Flow
- -
- -
898.81%
Net Income, GAAP
- -
- -
11.22%
Sales/Revenue/Turnover
- -
- -
40.53%
Total Cash Common Dividend
- -
- -
163.49%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
145
169
194
213
722
2025
243
265
254
252
1,014
2026
266
273
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
0.7
0.95
0.87
3.23
2025
0.97
1.01
0.9
0.71
3.59
2026
0.97
1.06
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.32
2025
- -
- -
1.4
- -
3.48
2026
1.15
- -
- -
- -
- -

Company Description

CEO
Fares Saleh Mutlaq Al-Henaki
Full Time Employees
270
Sector
Commercial services
Industry
Personnel services
Address
Northern Ring RD Exit 5, Bld#3720, 2nd Floor Riyadh RY Saudi Arabia 12333
IPO Date
Nov 27, 2024
Business
Tamkeen Human Resources Company (1835.SR) provides labor recruitment, manpower supply, and human resources services in the Kingdom of Saudi Arabia. The company operates through two primary segments, Corporate and Individual, offering permanent and contractual manpower solutions to diverse sectors including restaurants, food service, operations, maintenance, contracting, healthcare, retail, technology, and information systems; it also supplies labor for domestic workers such as housekeepers, chefs, private drivers, housemaids, and cleaners, along with hourly services and sponsorship transfer support. Tamkeen serves multinational corporations, small and medium-sized enterprises, public sector entities, and individual households, with all operations based in Saudi Arabia. Founded in 2018 and headquartered in Riyadh on Northern Ring Road in the Al-Nafl District, the company employs approximately 275 people and holds a market share of around 4% in the Saudi manpower services sector. It maintains subsidiaries that extend capabilities into information technology and specialized contracting, enhancing its comprehensive HR outsourcing, recruitment, and consulting offerings. In recent developments, Tamkeen listed its shares on the Saudi Exchange (Tadawul) in November 2024 following the completion of its initial public offering. Its subsidiary, Tamkeen Technologies, entered into an acquisition agreement in October 2024 with TasHeel Holding Group to acquire SolexPlus, a business process outsourcing firm, to expand digital services for call centers and strengthen its BPO capabilities. The company announced cash dividends for the first half of fiscal year 2025 in August 2025 and continues to pursue strategic expansions aligned with Saudi Vision 2030, including growth in tourism, hospitality, logistics, and localization initiatives.