Tamkeen HR Profit Dips as Margins Compress
Riyadh, Saudi Arabia — Tamkeen Human Resource Co. reported a net profit of 76.0 million SAR for the nine months ending September 30, 2026 — down just 0.3% from 76.3 million SAR in the same period a year earlier. Revenue surged 9.6% to 835.3 million SAR. However, the revenue growth masked a sharp margin squeeze […] The post Tamkeen HR Profit Dips as Margins Compress appeared first on The Saudi…
Riyadh, Saudi Arabia — Tamkeen Human Resource Co. reported a slight dip in net profit for the nine months ending September 30, 2026. While revenue grew by 9.6%, reaching 835.3 million SAR, the profit decreased to 76.0 million SAR, only a 0.3% increase from the previous year's 76.3 million SAR. Behind the revenue growth, there was a significant margin squeeze, causing the gross profit to drop by 9.6% and the consolidated gross margin to fall from 18.3% to 15.1%.
Despite the growth, Tamkeen's top line increased by 73.1 million SAR compared to the previous year, but the costs rose faster than the revenue, eroding the profitability even as the Individual Segment gained momentum.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
