SMASCO awarded SAR 81m project deal from Saudi government

SMASCO
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Riyadh – Mubasher: Saudi Manpower Solutions Company (SMASCO) was awarded SAR 80.70 million project contract from the Ministry of Human Resources and Social Development on 4 May 2026.

Through its subsidiary, Saudi Logistics Services Company Limited, SMASCO will provide and operate shelters for absent and unemployed domestic workers, according to a bourse disclosure.

Both sides are expected to sign the agreement on 20 May.

In the 12-month period that ended on 31 December 2025, the company generated net profits valued at SAR 150.64 million, up 19.16% year-on-year (YoY) from SAR 126.42 million.

Revenues jumped by 16.65% to SAR 2.09 billion last year from SAR 1.89 billion in 2024.

Source: Mubasher Source: {{details.article.source}}