Almawarid Manpower Company
TTADAWUL:183380.60
SAR
-3.40
(-4.05%)
ISIN
SA15QH00SKH0
Return %
Stock
S&P 500
1Y
-20.40
14.20
3Y
-0.31
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Riyadh Ibrahim Rumayzan AlRumayzan
- Full Time Employees
- 20,403
- Sector
- Commercial services
- Industry
- Personnel services
- Address
- Al-Rawda District Riyadh Riyadh Province Saudi Arabia 11679
- IPO Date
- Jun 19, 2023
- Website
- mawarid.com.sa
- Similar Companies
- Business
- Almawarid Manpower Company SCJSC, founded in 2012 and headquartered in Riyadh, Saudi Arabia, operates primarily in the manpower recruitment and staffing industry within the Kingdom. The company provides a comprehensive range of professional manpower solutions including domestic labor services for individual clients, such as private drivers, female domestic workers, house cooks, nannies, home farmers, physical therapists, home nurses, home managers, and home tailors. It also offers workforce services for technical and administrative positions in the corporate and government sectors through its distinct business segments: Corporate sector, Individual sector, and Hourly sector. The Corporate segment supplies expatriate and Saudi manpower for contracts typically lasting two years, while the Hourly sector delivers cleaning services on a per-visit basis, serving households and women in their homes. Recent strategic developments include a proposal by the board for a 33.33% capital increase via a bonus share issue as of late 2025 and the announcement of dividend payments, with a 13.5% cash dividend announced for the first half of 2025 and 12.5% for the second half of 2024. The company has secured significant contracts linked to Saudi Arabia’s mega projects such as NEOM and initiatives related to the Ministry of Tourism, positioning it to capitalize on anticipated labor market growth under Vision 2030. Almawarid is advancing technologically to incorporate data analytics and workflow automation to enhance manpower planning and service delivery. The company continues to expand its workforce and market presence, benefiting from growing demand in corporate, individual, and hourly staffing segments driven by large-scale construction, hospitality, and household service needs. Almawarid operates exclusively in Saudi Arabia, serving both private clients and businesses across the Kingdom. The company is recognized as one of the leading licensed manpower providers in the country, with a focus on compliance and efficient workforce management. Its operational strategy leverages an asset-light model with a scalable platform designed to support the rapidly expanding labor market fueled by national development projects and regulatory reforms easing domestic hiring quotas. This combination supports sustained top-line growth and profitability improvements reflected in their financial performance in recent years.