Maharah Human Resources Co (1831)

Riyadh – Mubasher: The net profit of Maharah Human Resources Company declined by 14.83% year-on-year (YoY) to SAR 96.34 million in 2023 from SAR 113.12 million. Revenues grew 12.26% YoY to SAR 1.89 billion last year from SAR 1.68 billion, …

Riyadh – Mubasher: The Saudi Health Systems Company, an associate firm of Maharah Human Resources Company, was awarded a project contract valued at SAR 3.04 billion from the Saudi government. Saudi Health Systems Company will provide cooked meals …

Riyadh – Mubasher: Maharah Human Resources Company announced the board’s decision to disburse cash dividends amounting to SAR 45 million, equivalent to 10% of its capital, for the first half (H1) of 2023. A dividend of SAR 1 per share will be …

Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted Maharah Human Resources Company’s request to raise its capital by offering one bonus share for every five owned shares. The new capital will stand at SAR 475 million distributed …

Riyadh – Mubasher: The board of Maharah Human Resources Company proposed to increase the capital by 26.67% to SAR 475 million from SAR 375 million, according to a bourse filing. The number of shares will reach 47.50 million shares, compared to …

Riyadh – Mubasher: Growth Avenue Investment Company, a subsidiary of Maharah Human Resources Company, acquired 20% equity in Riyadh-based SororApp on 29 December 2022. Established in 2020, the platform aims to offer on-demand home services in …

Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, acquired 41.36% equity in Care Shield Holding Company for SAR 307.11 million. Maharah pointed out that 35% of the transaction was …

Riyadh – Mubasher: Maharah Human Resources Company obtained a long-term Sharia-compliant Murabaha loan worth SAR 200 million from Al Rajhi Bank on 27 September 2022. The company will use the facility to finance its future acquisitions, according …

Riyadh – Mubasher: Al Sagr Cooperative Insurance Company received on 8 September 2022 an order from Maharah Human Resources Company to provide health insurance services for the company's employees and their families. The contract value exceeds 5% …

Riyadh – Mubasher: Maharah Human Resources Company’s board of directors approved distributing SAR 46.87 million in cash dividends to shareholders for the first half (H1) of 2022. The company will disburse SAR 1.25 per share in H1-22 dividends, …

Riyadh – Mubasher: Maharah Human Resources Company said its fully-owned subsidiary, Growth Avenue Investment Company (GAC), received a certificate of "no obligation to report" from the General Authority of Competition (GAC) regarding the …

Riyadh – Mubasher: Maharah Human Resources Company has secured long-term Sharia-compliant Murabaha loans from Al Rajhi Bank and Saudi British Bank (SABB) to finance the company's future acquisitions. Maharah obtained a long-term loan of SAR 181.50 …

Riyadh – Mubasher: Maharah Human Resources Company has signed a SAR 306.41 million contract with Saudi Binladin Group to provide manpower services. The manpower services will be provided to one of Binladin Group's major contracting projects in …

Riyadh – Mubasher: Growth Avenue Investment Company (GAG), a subsidiary of Maharah Human Resources Company, has signed a non-binding memorandum of understanding (MoU) to acquire a 40% stake in Saudi Medical System Company. The two parties have …

Riyadh – Mubasher: Growth Avenue Investment Company (GAG), a subsidiary of Maharah Human Resources Company, has received on 6 January a non-objection statement from the General Authority of Competition to proceed with the equity acquisition of …

Riyadh – Mubasher: The board of Maharah Human Resources Company has appointed Abdulaziz Edah Alkathiry as the new CEO. Alkathiry has assumed the role on 22 December, according to a bourse filing on Wednesday. It is worth noting that Alkathiry has …

Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, has signed a Memorandum of Understanding (MoU) to acquire a 40% stake in Salis For Trading and Marketing Company. The transaction is …

Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, has signed a Memorandum of Understanding (MoU) to acquire an 85% stake in Alshifa Al Arabia Medical Company. Alshifa Al Arabia …

Riyadh – Mubasher: Maharah Human Resources Company will pay a cash dividend worth SAR 1.75 per share, representing 17.5% of the share’s par value, for the first half (H1) of 2021. The company will distribute a total amount of SAR 65.62 million for …

Riyadh – Mubasher: Maharah Human Resources Company logged a net profit after Zakat and tax of SAR 70.03 million in the first half (H1) of 2021, lower by 34.3% than SAR 106.68 million in H1-20. Revenues decreased by 13% to SAR 644.23 million in …

Riyadh – Mubasher: Maharah Human Resources Company has completed the acquisition and transfer of 90% of Spectra Support Services Company’s shares, according to a bourse filing on Thursday. Maharah and Spectra also entered into a settlement …

Riyadh – Mubasher: The board of Maharah Human Resources Company decided to appoint Abdulaziz Edah Al Kathiry as the Acting CEO as of 15 June 2021 and until further notice. Al Kathiry has been Maharah’s Vice President of Sales and Operations, …

Riyadh – Mubasher: Maharah Human Resources Company announced the appointment of Sulaiman Abdulaziz Al Majed as the new Chairman of the board, starting 1 May 2021 and for a three-year term. The company has also appointed Abdullah Sulaiman Al Amro …

Riyadh – Mubasher: Maharah Human Resources Company signed a non-binding memorandum of understanding (MoU) to acquire a 90% majority interest in Spectra Support Services Company. The MoU was concluded on 11 April, while a pre-conditions period will …

Riyadh – Mubasher: Maharah Human Resources Company registered a drop of 34.8% in net profits during the year 2020 to SAR 177.32 million. The decline in the firm's annual net earnings was due to a decrease in revenues and gross profits by 6% and …