The retail offering will be held from today, May 8 to May 14.
The offering to institutional investors ended recently and it was 904 percent oversubscribed.
The company was established in 2013 under Maharah Foreign Recruitment Co. with SAR 100 million in capital to provide foreign recruitment services to both the public and private sectors.
The firm changed to its current name in 2017, and increased capital in December 2018 to SAR 375 million.
Maharah has 18 branches across the Kingdom, in addition to its main offices in Riyadh and a sales office in King Saud University.
The firm fully owns a subsidiary Musanid for Cleaning Services in the in United Arab Emirates, and has acquired a 40 percent stake in Cayman Islands’ Bloovo Ltd. Both subsidiaries account for 5 percent of Mahara’s assets, revenue and liabilities.
It plans to expand in both the Kingdom and United Arab Emirates.
Maharah Human Resources Co.
TASI- Main Market
Company’s core business
Recruiting manpower and providing household workers
SAR 375 mln
Number of IPO shares for retail investors
1.25 mln shares represent 10% of total IPO shares of 11.25 mln