News

SMASCO Hosts The Minister of Labor and Kenyan Ambassador

SMASCO Hosts The Minister of Labor and Kenyan Ambassador

SMASCO was honored to host the Minister of Labor, the Kenyan Ambassador to Saudi Arabia, and a delegation from the Kenyan Embassy to discuss the future of the Kenyan workforce in the Kingdom. The event took place on February 1st, 2025, and the discussion addressed...

SMASCO’s CEO Makes Significant Statements on Arab News

SMASCO’s CEO Makes Significant Statements on Arab News

Speaking to Arab News, Abdullah Al-Timyat, CEO of Saudi Manpower Solutions Company, SMASCO, stated that the company’s capital-light model, backed by no debt and robust cash management, positions it for agile expansion. “We have zero debt and funding. We have strong...

SMASCO IPO: Reuters Report & Arabian Financial Press Coverage

SMASCO IPO: Reuters Report & Arabian Financial Press Coverage

On Wednesday, May 8, Reuters reported, “Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial public offering on Riyadh's main bourse, it said on Wednesday” About Reuters report and the coverage that Arabian...

SMASCO’s Final Offering Price Is Announced: SAR 7.5 Per Share

SMASCO’s Final Offering Price Is Announced: SAR 7.5 Per Share

We at SMASCO, the Saudi Company for Manpower Solutions, are pleased to announce the completion of the book building process for investing companies and the determination of the final IPO in the main Saudi market, to be SAR 7.5 per share.  The coverage rate was...

Announcing the IPO Date for Both Investors and Individuals

Announcing the IPO Date for Both Investors and Individuals

SMASCO, the Saudi Manpower Solutions Company, is pleased to announce the date of its Initial Public Offering (IPO) for investors from Wednesday, May 8, 2024, to Tuesday, May 14, 2024. And for individuals, from Sunday, May 26, 2024, to Monday, May 27, 2024. The company...