‎Al Mawarid segments see solid revenue growth: CEO

‎Al Mawarid segments see solid revenue growth: CEO ‎Al Mawarid segments see solid revenue growth: CEO

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Riyadh Alromaizan, CEO of Al Mawarid Manpower Co., said that all company segments achieved strong revenue growth during Q3 2025, with the corporate segment revenues rising 26% and individual segment revenues increasing 15% compared to Q3 2024.

Speaking in an interview withArgaam, Alromaizan added that the average workforce size at the company grew by 15% year-on-year (YoY) in Q3 2025 and by 5% compared to Q2 2025.

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Regarding the 116% surge in net profit, despite a 24% increase in revenue, he explained that this was due to an exceptional, non-recurring provision of SAR 13 million booked in Q3 2024 to cover a specific receivable.

 

Riyadh Alromaizan, CEO of Al Mawarid Manpower Co., said that all company segments achieved strong revenue growth during Q3 2025, with the corporate segment revenues rising 26% and individual segment revenues increasing 15% compared to Q3 2024.

Speaking in an interview withArgaam, Alromaizan added that the average workforce size at the company grew by 15% year-on-year (YoY) in Q3 2025 and by 5% compared to Q2 2025.

Regarding the 116% surge in net profit, despite a 24% increase in revenue, he explained that this was due to an exceptional, non-recurring provision of SAR 13 million booked in Q3 2024 to cover a specific receivable.

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