Ways Marketing Solutions CEO says project growth exceeds 213% until September, eyes Nomu listing

Logo of Ways Marketing Solutions

Ways Marketing Solutions reported more than 93% growth in revenue by the end of September, compared to a year earlier period, Chief Executive Officer (CEO) Faisal Alkassem said.

Revenue will likely surge by 70% year-on-year (YoY) until year-end, said Alkassem, adding that the government contracts made up nearly 55% of total income, while 45% came from private sector contracts.

The current growth rate is the strongest in the company’s history, said Alkassem, indicating that the company’s projects grew at more than 213% YoY in 2022 and may exceed 250% by the year-end.

Some of these projects will sustainably extend to more than 30 months, which will reflect positively on the company’s financial results as of Q1 2023.

On the other hand, company Chairman Abdullah Alkassem pointed out that the operations’ growth was driven by the company’s innovative team and the confidence of business partners in the public and private sectors.

The company has a Saudization rate of nearly 90%, which will boost Saudi capabilities, in line with Vision 2030.

Ways Marketing Solutions also introduced a number of services, which will help fulfill service integration and diversification, including communication strategies.

In February, the firm announced appointing Alkhair Capital as a financial advisor for listing its shares on Nomu - Parallel Market.

The potential share listing is pending regulatory approval from the Capital Market Authority (CMA) and will be handled by the financial advisor before year-end.

Established in 2016, Ways Marketing Solution is a closed shareholding company headquartered in Riyadh. It provides marketing solutions, including digital and innovative solutions that serve the public and private sectors.

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