Linklaters advised BSF Capital, as financial advisor, lead manager, bookrunner and underwriter, for Tamkeen Human Resource Company’s IPO on the Saudi Stock Exchange (Tadawul).

The IPO consisted of 7,950,000 ordinary shares, representing 30% of Tamkeen’s issued share capital and was implemented through the sale of existing shares owned by selling shareholders. The IPO raised US$105.8m with an oversubscription of shares, indicating strong confidence in the company and its prospects within the Kingdom of Saudi Arabia’s manpower sector.

Tamkeen is a prominent industry leader with branches strategically located across the Kingdom of Saudi Arabia. It offers accessible services with an emphasis on community commitment and dedication to technological innovation positions in line with the Kingdom of Saudi Arabia’s vision for digital transformation.

The Linklaters team was led by Partner and Head of Equities, Saudi Arabia, Amro Bakhaidar, with support from managing associate Mohammad Almania and associates Yazeed Alsaiyari and Sadeem AlTuraif.