3 days ago
Al Mawarid CEO sees stronger Q3 2025 results, SAR 70M cash invested
Al Mawarid Manpower Co. CEO Riyadh Alromizan expects Q3 2025 results to match or exceed Q2, aided by a likely boost to individual services from the back-to-school season.
Alromizan told Argaam that revenue growth reflected a rise in worker numbers across all Saudi sectors. Contracting led revenue, followed by hospitality and entertainment, then trade and services.
He said higher utilization in individual and hourly services boosted performance, with revised domestic labor ratios enhancing efficiency, as H1 2025 revenue reached SAR 149 million from resident packages and SAR 92 million from hourly services.
Alromizan said the company's invested cash stands at SAR 60-70 million, which it seeks to deploy optimally amid rapid banking system developments.
The company's H1 2025 net profit rose 26% year-on-year (YoY) to SAR 62.3 million, while Q2 earnings jumped 39% to SAR 32.4 million, according to Argaam 's data.
