Tamkeen Resources Approves SAR 30.47 Million Dividend for H2 2025 at SAR 1.15 per Share

Tamkeen Resources has reinforced its commitment to shareholder returns by approving a cash dividend of SAR 30.47 million for the second half of the 2025 fiscal year. This move underscores the company’s solid operational performance and stable financial position, following a year of notable revenue growth and improved profitability metrics. According to a statement on Tadawul, 26.5 million shares are eligible for the distribution, with each share receiving SAR 1.15, representing 11.5% of the nominal value. Shareholders registered by the close of trading on February 19 will be eligible, and the payout is scheduled for March 9.

On the market, Tamkeen’s share closed at SAR 51.8, down SAR 0.75 (-1.43%), with a traded value of SAR 4,906,235.05 and a volume of 93,092 shares. Despite the dividend announcement, the share price saw a slight decline amid active trading, reflecting the market’s broader reaction to service sector stocks.

For the full year 2025, Tamkeen reported revenue of SAR 292.5 million, a 40.5% increase compared to 2024. This was mainly driven by the corporate segment, which saw a 50.1% rise in revenue to SAR 265.3 million due to a 45.7% increase in average workforce numbers, responding to growing client demand. The individual segment also grew by 14.1% to SAR 27.1 million, supported by an 8.5% increase in average workforce.

Net profit attributable to shareholders reached SAR 95.1 million in 2025, up 11.2% from SAR 85.5 million in 2024. Gross profit grew by 33.8%, and operating profit by 33.3%, despite a 24.1% rise in administrative and selling expenses, which reflected investments in staff and precautionary tax provisions.

Expected credit loss provisions rose by SAR 7.9 million in line with growth in trade receivables, while non-operating income dropped due to a one-off land sale gain of SAR 9.6 million in 2024 not recurring. Excluding this non-recurring item, operating net profit grew by 25.2% year-on-year. The auditor’s report was unqualified, and comparative figures were adjusted for consistency.

EcoPulse24 Analysis: The dividend decision demonstrates Tamkeen’s ability to convert operational growth into direct cash returns for shareholders, even as the HR sector expands on the back of localization programs and rising institutional demand. Despite higher operating costs and additional provisions, core profitability improved, highlighting real earnings quality. Maintaining a consistent dividend policy enhances the share’s attractiveness to investors seeking regular income, especially in a Saudi market with mixed sector performance.