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2026-11-04T07:09:53.760Z

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Tamkeen Q3 profit falls

Tamkeen Q3 profit falls

Tamkeen Human Resources Company’s net profit fell 7.2% in the third quarter of 2026 to SAR 22.2 million, compared with SAR 23.9 million in the same period of 2025, despite revenue growth of 16.5%. The company attributed the decline in profit to a 13.7% drop in gross profit, particularly in the corporate segment, where gross profit fell 21.1% and the gross margin narrowed from 19% to 13% due to higher cost of revenue. By contrast, gross profit in the individual segment rose 34.7%. In the first nine months of the year, net profit declined 0.4% to SAR 76 million.

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