Tamkeen gets CMA’s nod to IPO 7.95M shares on TASI

04/09/2024 Argaam
Logo ofthe Capital Market Authority (CMA)

Logo of the Capital Market Authority (CMA)


Tamkeen Human Resource Co. obtained the approval of the Capital Market Authority (CMA) to offer 5.95 million shares to the public.

 

The offer shares represent 30% of the company’s 26.5 million share capital, the market regulator said in a statement today, Sept. 4.

 

For More IPOs

 

The prospectus will be issued ahead of the offering.

 

The CMA’s approval will be valid for six months from the decision date.  

 

Tamkeen is 25% owned by Tadawul-listed Sulaiman Al Habib Medical Services Group, according to Argaam data.  

 

The company is headquartered in Riyadh and operates through nine branches across the Kingdom in providing human resources and domestic worker services.  

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