1. Saudi Arabia Stocks

  2. •

    Commercial services

  3. •

    Personnel services
Maharah Human Resources Co.

Maharah Human Resources Co.

TTADAWUL:1831
3.47
SAR
-0.13
(-3.61%)
0.53EPS
9.60P/E
2.88BMarket Cap
Nov 05Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.38
2.66
2.49
2.32
2.96
3.32
3.93
5.48
6.07
Basic EPS, GAAP
0.39
0.48
0.31
0.25
0.2
0.18
0.31
0.48
0.53
Free Cash Flow per Basic Share
0.14
0.09
0.42
0.03
0.32
0.23
0.06
-0.05
-0.07
Dividend per Share
0.1
0.18
0.36
0.25
0.21
0.15
0.11
0.12
0.05
Book Value per Share
0.76
1.04
0.98
1.01
0.98
1
1.18
1.54
1.67
Tangible Book Value per Share
0.74
1.03
0.97
0.99
0.96
0.99
1.17
1.53
1.66
Basic Weighted Avg Shares
568
568
568
568
568
568
568
568
576
Sales/Revenue/Turnover
1,352
1,512
1,416
1,319
1,684
1,890
2,235
3,112
3,499
Operating Margin (%)
16.14
18.76
12.93
11.1
6.69
5.73
6.64
6.4
7.1
Depreciation Expense
12
21
24
23
30
32
33
32
30
Net Income, GAAP
222
272
177
145
113
100
175
273
303
Effective Tax Rate (%)
4.74
8.75
5.75
9.66
11.72
9.19
5.32
5.07
5.49
Profit Margin (%)
16.44
17.99
12.52
10.99
6.74
5.3
7.84
8.76
8.66
Working Capital
239
371
380
293
235
213
350
642
692
LT Debt
- -
28
17
14
594
574
603
234
196
Total Equity
429
585
556
571
555
566
673
876
953
Return on Invested Capital (%)
- -
50
29.39
22.37
10.8
8.88
11.81
15.13
18.56
Return on Capital (%)
- -
52.8
29.23
25
14.37
12.23
17.72
24.96
26.39
Return on Common Equity (%)
- -
53.29
30.85
25.62
20.12
17.83
28.22
35.22
37.97

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
94
102
127
LT Borrowings
225
210
189
LT Finance Leases
9
8
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
568
570
570
Market Capitalization
2,898
2,652
2,877

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,304
1,486
1,437
Cash, Cash Equivalents & STI
250
294
350
Accounts Receivable, Net
494
607
580
Inventories
- -
- -
- -
Total Current Liabilities
662
781
746
Payables & Accruals
- -
- -
- -
ST Debt
94
102
127
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.21%
30.16%
Free Cash Flow
- -
134.52%
-195.5%
Net Income, GAAP
- -
15.77%
55.62%
Sales/Revenue/Turnover
- -
18.11%
39.23%
Total Cash Common Dividend
- -
-18.86%
3.45%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
519
533
558
621
2,235
2025
711
755
790
857
3,112
2026
923
930
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.09
0.04
- -
0.31
2025
0.08
0.08
0.08
0.23
0.48
2026
0.11
0.1
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.06
- -
0.11
2025
- -
- -
0.06
- -
0.12
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Abdulaziz bin Eyda Al-Kathiry
Full Time Employees
518
Sector
Commercial services
Industry
Personnel services
Address
Al Olaya Road Riyadh Riyadh Province Saudi Arabia 13124
IPO Date
Jun 18, 2019
Website
maharah.com
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Business
Maharah for Human Resources Company (1831.SR), a leading Saudi provider of integrated human resources solutions, specializes in manpower supply, recruitment, and outsourcing services to public and private sector clients; offers professional staffing including physicians, nurses, programmers, accountants, and sales personnel; provides workforce solutions such as technicians, factory workers, general labor, housekeepers, drivers, and personal assistants; delivers Esnad Maharah outsourcing encompassing payroll, leaves, social security, end-of-service benefits, wage protection, and medical insurance; supplies seasonal employment for up to 90 days, competency securing, training, and development; and operates specialized platforms like Maharah Electronic for hourly domestic services including cleaning, cooking, childcare, and caregiving with flexible packages across Saudi cities. The company serves diverse sectors such as medical, retail, tourism, hospitality, leisure, contracting, operation and maintenance, technical, delivery, facilities management, banking, and SMEs; targets corporate, facilities management, and individual customers; and maintains primary operations in Saudi Arabia with presence in the United Arab Emirates. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, Maharah operates through segments including Corporate, Individual, and Facilities Management, generating majority revenue from its Corporate segment in the Kingdom. Recent developments include a November 2025 brand license agreement with ManpowerGroup, enabling its subsidiary Growth Avenue Investment Company to launch the global Manpower brand in Saudi Arabia for high-skill recruitment, permanent and temporary staffing, and outsourcing; a February 2025 strategic partnership with Systems Arabia for Microsoft Dynamics 365 F&O implementation in financials and supply chain management, plus an MoU for digital transformation and cybersecurity; and ongoing expansions via subsidiaries like Shifaa for healthcare operations (established 2017), Nabdz for logistics (2021), and prior acquisitions such as a majority stake in Ataaf for services, stake in Bloovo recruitment platform, and 40% in Saudi Medical Systems (2022).