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 cash management, and we have enough internal funds for our operations. So, the IPO will enable SMASCO in its future steps and strategic direction in expanding within the Saudi market, reaching new geographic cities and regions within Saudi Arabia.”.
SMASCO’s CEO added, “We will even go deeper … within specific sectors, in business industry and professional manpower, depending on a more trusted bond that we have available because of the IPO and the support that we will have.”.
Stay tuned for more news about SMASCO’s IPO on SMASCO news.