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It provides labour recruitment and manpower services in the Kingdom to corporate clients in the public and private sectors, and individuals.
Overview
It was established in Riyadh as a closed joint-stock company under the name “Almawarid Recruitment Company”, with capital of SAR 100 million.
The company mainly operates in labour recruitment and manpower services through three key segments.
Corporate segment: this segment represents revenue generated from corporate clients, including maintenance companies, restaurants, construction and contracting, transportation and hospitals. The contracts signed under the corporate segment have an average length of two years.
Individual segment – contractual: this segment represents revenue generated from contracts signed with individual customers, mainly related to housemaids, cleaners and private drivers. The invoices are paid in advance, except for automatically renewed contracts with existing customers.
Individual segment - hourly rental “Hemah”: this segment represents revenue generated from individual customers on an hourly basis, mainly in connection with housemaids and cleaners.
Most of the manpower recruited by the company comes from six countries, namely Indonesia, Philippines, Bangladesh, Uganda, Pakistan and India.
The company operates a rented transportation fleet that includes rented ships to transport the manpower of individual segment – contractual and the individual segment - hourly rental “Hemah”.
Basic Information
City: | Riyadh |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2012 |
Commercial Register: | 1010343697 |
Website: | www.mawarid.com.sa |
riyadh@mawarid.com.sa | |
Phone | +966 92 002 7202 |
Fax | +966 11 2541589 |
Address | 7017 Ibn Warqa Street - Al-Rawdah District - Riyadh 13211 |
PO Box | 10370 |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 14.84 |
Free Float % : | 98.90 |
Weight in Index % : | 0.07 |
3M Average Volume : | 380,768 |
3M Average Transactions : | 2,388 |
Change(12M) % : | - |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Alomaier Trading and Contracting Co. | 3.59 | 23.94 % |
Al-Ayuni Investment and Contracting Co. | 3.59 | 23.94 % |
Khalda Trading Group | 0.76 | 5.05 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Sawaid Recruitment | Saudi Arabia | 100.00 % |
Musanid Almarafiq for Maintenance and Cleaning | Saudi Arabia | 100.00 % |