In a statement to Argaam, Mr. Abdullah Al-Tamyatt, CEO of SMASCO, stated that the company recorded strong financial performance in the third quarter of 2025, with a jump of 40% of the net profit. This was a result of increased operational activity across all the company’s sectors, serving as a clear indicator of the vitality of the human resources solutions in Saudi Arabia.
Al-Tamyatt also praised the role of the improved legislative environment and seasonal factors as a main driver for the growth of business sector revenue, which increased by 15% compared to the same quarter last year, and increased by 18% in the individual sector revenue as well.
Regarding Waad, the new company in which SMASCO holds a 50% stake, Al-Tamyatt clarified that it is a long-term investment that has just begun operations at the beginning of 2025. He confirmed that Waad’s losses are expected and already calculated among the risks for market penetration during the establishing phase, building its target market share.
To ensure the sustainability of the growth achieved by SMASCO, the company’s CEO, Mr. Abdullah Al-Tamyatt, revealed the company’s continued diversification of its service portfolio and review of its activity centers to achieve optimal resource utilization and enhance operational efficiency. He expressed his confidence in the continuation of the positive performance momentum in the upcoming period, thanks to the improvement in local economic indicators.