Saudi Manpower Solutions Company
TTADAWUL:18344.78
SAR
-0.10
(-2.05%)
Saudi Manpower Solutions Company
TADAWUL:1834
(Saudi Exchange)
Recent
price
4.78
P/E
ratio
14.50
div
yld
2.51%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Saudi Manpower Solutions Company (SMASCO) is a Riyadh-headquartered manpower solutions provider established in 2012, specializing in comprehensive workforce supply and support services across the Kingdom of Saudi Arabia. The company offers customized manpower recruitment and staffing management services, temporary and permanent workforce supply, manpower outsourcing, project-based workforce solutions, and short-term contract labor. Additionally, SMASCO manages employees' housing and transportation logistics, provides storage facilities, wholesale prepaid cards, custom software programming, network and information communication management, data processing, digital authentication services, call center services, and operates in investment and website hosting infrastructure. It serves diverse industries, including construction, oil and gas, petrochemical, telecommunications, healthcare, hospitality, retail, education, and logistics. In recent developments, SMASCO formed a joint venture with Urban Company to launch Waed Khadmat Al-Munzal, an innovative home service platform aimed at expanding domestic service offerings within Saudi Arabia. The company also secured a significant contract worth SAR 84.8 million from the Ministry of Human Resources and Social Development through its subsidiary, Saudi Logistic Services Co., demonstrating expansion in state sector partnerships. SMASCO has attained the prestigious Diamond Level in Saudi Arabia’s Mudad Wage Protection System, underscoring its commitment to best practices in payroll management and employee welfare. It continues to develop mobile app solutions for domestic worker services and fleet branding services to enhance its operational footprint. SMASCO is publicly listed on the Saudi Stock Exchange (Tadawul) since July 2024 and holds a market share of approximately 14% to 16% in its served sectors. The company operates over 765 professions across more than 55 cities and provinces in Saudi Arabia, positioning itself as a key player in the Saudi manpower industry with extensive government and private sector clientele. Its strategic focus on technological integration, service innovation, and broad sector coverage supports Saudi Arabia’s Vision 2030 goals, including labor market development and quality-of-life enhancements.