Almawarid Manpower Company

Almawarid Manpower Company, listed on the Saudi Exchange under ticker 1833, is a leading provider of staffing and employment services in Saudi Arabia. The company specializes in recruiting, hiring, and deploying skilled and semi-skilled workers across various sectors, including construction, oil and gas, hospitality, and healthcare. It also offers outsourced workforce management solutions, helping clients meet their labor needs efficiently while ensuring compliance with local labor laws.

Almawarid generates revenue primarily through long-term contracts for manpower supply, where it charges clients a fee based on the number of workers deployed and the duration of service. Additional income comes from recruitment services, visa processing, and employee accommodation and transportation. The company's cost structure is heavily weighted toward employee salaries and benefits, with gross margins around 10% and operating margins near 8%.

The company operates in the Staffing & Employment Services industry within the Industrials sector. It competes with other local and regional manpower providers, differentiating itself through its extensive network, expertise in Saudi labor regulations, and ability to handle large-scale deployments. With a market cap of 1.85B SAR and a PE ratio of 10.5, Almawarid is a mid-cap player in a fragmented market, benefiting from the Saudi government's push for Saudization and infrastructure projects under Vision 2030.

Almawarid's primary customers are large corporations and government entities in Saudi Arabia that require temporary or permanent staff for projects. Key end-markets include construction, energy, hospitality, and healthcare. The company focuses exclusively on the Saudi market, leveraging its deep understanding of local labor dynamics and regulatory environment. Its workforce includes both Saudi nationals and expatriates, with a growing emphasis on hiring local talent to align with nationalization goals.

An auto-generated descriptive profile based on company data, for informational purposes only.