Maharah Human Resources Co (1831)

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News

23 May 2024 01:25 PM Maharah Human Resources unveils 2 key appointments

Riyadh – Mubasher: Maharah Human Resources Company has appointed Abdullah Sulaiman Al Amro as the board’s Chairman. Ahmed Saleh Al Humaidan was announced as the Vice Chairman, according to a bourse disclosure. The board members elected the two …

Corporate Actions

15 May 2024 04:17 PM Maharah Human Resources records 55% profit hike in Q1-24

Riyadh – Mubasher: The net profit of Maharah Human Resources Company leapt by 55.03% year-on-year (YoY) to SAR 50.03 million in the first quarter (Q1) of 2024 from SAR 32.27 million. Revenues grew 12.22% YoY to SAR 518.52 million in Q1-24 from SAR …

Financial Results

31 March 2024 03:13 PM Maharah’s net profit shrinks 15% YoY in 2023; dividends recommended

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, …

Cash Dividends

31 August 2023 04:37 PM Maharah unveils SAR 3bn project award from Saudi government

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 …

Financial Results

28 August 2023 02:41 PM Maharah to pay SAR 45m cash dividends for H1-23

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 …

Board of Directors

30 April 2023 02:39 PM Maharah obtains regulatory nod for capital hike

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 …

Corporate Actions

8 March 2023 06:13 PM Maharah’s board eyes EGP 100m capital raise via bonus shares

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 …

Management Decisions

5 January 2023 10:03 PM Maharah’s unit Growth Avenue acquires 20% stake in SororApp

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 …

Companies Investments

29 September 2022 10:33 PM Maharah’s unit closes stake acquisition of Care Shield for SAR 307m

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 …

Companies Investments

28 September 2022 05:01 PM Maharah secures SAR 200m loan from Al Rajhi Bank

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 …

Banking and Finance

21 September 2022 05:51 PM Al Sagr Cooperative to provide health insurance services to Maharah

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% …

Companies Investments

30 August 2022 02:42 PM Maharah to distribute 12.5% dividends for H1-22

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, …

Board of Directors

28 August 2022 10:57 AM Maharah’s unit obtains GAC’s approval on Care Shield acquisition

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 …

Companies Investments

21 August 2022 11:34 AM Maharah obtains SAR 362.5m loans from Al Rajhi Bank, SABB

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 …

Banking and Finance

16 August 2022 11:03 AM Maharah pens SAR 306.4m deal with Saudi Binladin Group

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 …

Companies Investments

23 March 2022 08:30 PM Maharah’s subsidiary eyes 40% stake in Saudi Medical System

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 …

Mergers and Acquisitions

9 January 2022 03:37 PM Maharah’s subsidiary receives non-objection nod for stake takeover

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 …

Mergers and Acquisitions

22 December 2021 05:20 PM Maharah names Alkathiry as new CEO

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 …

Board of Directors

30 November 2021 10:46 AM Maharah’s unit signs MoU to acquire 40% of Salis For Trading and Marketing

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 …

Companies Investments

28 September 2021 04:24 PM Maharah’s unit inks MoU to acquire 85% of Alshifa Al Arabia

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 …

Companies Investments

17 August 2021 11:02 AM Maharah to distribute SAR 1.75/shr dividend for H1-21

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 …

Cash Dividends

9 August 2021 01:26 PM Maharah posts 34% decline in H1-21 profits

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 …

Financial Results

5 August 2021 11:51 AM Maharah concludes acquisition of Spectra Support Services

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 …

Companies Investments

14 June 2021 11:34 AM Maharah Human appoints Acting CEO

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, …

Management Decisions

14 April 2021 01:15 PM Maharah appoints new Chairman, Vice Chairman

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 …

Board of Directors