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Saudi Manpower Solutions Company Saudi Closed Joint Stock Company (Saudi Arabia)

Main Activities: Employment Placement Agencies and Executive Search Services
Full name: Saudi Manpower Solutions Company Saudi Closed Joint Stock Company Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The main activity of the company is temporary employment agency services for home services and temporary employment agency services for foreign labour
The Saudi Manpower Solutions Company (SMASCO) was established as a joint stock company at February 14,2012 and listed on saudi stock market on 12 June 2024.
the Company's activities consist of the following: administrative and support services , activities of employment agencies; and activities of temporary employment agencies.temporary employment agency activities for home services; and activities of temporary employment agencies for expatriate workers services
Company s Vision :
The Company's vision is to create an outstanding workforce that drives national progress, fosters social enrichment and delivers outstanding value to its customers, thereby setting new benchmarks of excellence in the manpower industry
Company's Mission :
The Company's mission is to advance manpower solutions by placing people at the heart of every initiative, striving to become the preferred career destination through optimal work environments, seamlessly connecting businesses with ideal manpower, offering homes high-quality, standardised services, enhancing client satisfaction with industry-leading practices, and driving innovation through strategic investments in cutting-edge
technologies
Company's Strategy :
The Group's strategy in the manpower solutions sector is informed by a deep understanding of the industry and market needs. Historically focusing on blue-collar workers, the Group now caters to a broader range of skills, responding to the increasing demand for diverse, high-quality manpower services. The strategy evolves to include value-added services, aligning with the vision of being a leader in comprehensive manpower solutions in the Kingdom. Advanced technology, robust recruitment processes and deep industry knowledge enable the Group to meet new market demands, emphasising global talent sourcing

Headquarters
6527 Al Olaya Street, Al Ghadeer District, P.O. Box 91279
Riyadh; Al-Riyadh; Postal Code: 11633

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Website: http://www.smasco.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2012
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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47.762%
Subsidiaries
Romoz Development For Communications And Information Technology Company
100%
Saneem Investment Company
100%
Saudi Logistic Services Company Limited
100%
Company Performance
Financial values in the chart are available after Saudi Manpower Solutions Company Saudi Closed Joint Stock Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net sales revenue
3.69%
Total operating revenue
2.88%
Operating profit (EBIT)
-13.44%
EBITDA
-14.92%
Net Profit (Loss) for the Period
-15.38%
Total assets
0.91%
Total equity
-3.35%
Operating Profit Margin (ROS)
-1.65%
Net Profit Margin
-1.64%
Return on Equity (ROE)
-2.53%
Quick Ratio
-0.36%
Cash Ratio
-0.02%

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