‎SMASCO launches new home service platform in Saudi Arabia

‎SMASCO launches new home service platform in Saudi Arabia ‎SMASCO launches new home service platform in Saudi Arabia

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Logo ofSaudi Manpower Solutions Co. (SMASCO)

Saudi Manpower Solutions Co. (SMASCO)and Urban Co. established a joint venture to launch of a new cutting-edge home service platform in Saudi Arabia, with a capital of SAR 1 million.

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In a statement to Tadawul, SMASCO said that the commercial register for the entity is complete as a limited liability company, which is 50%-owned by its subsidiary Saneem Investment Co. (a sole proprietorship fully owned by SMASCO). Urban Home Experts Pte Ltd. owns the remaining 50%.

For more news on listed companies

This collaboration marks a significant milestone, as it brings together two market leaders to enhance the domestic service landscape in the Kingdom, the statement added.

 

Logo ofSaudi Manpower Solutions Co. (SMASCO)

Saudi Manpower Solutions Co. (SMASCO)and Urban Co. established a joint venture to launch of a new cutting-edge home service platform in Saudi Arabia, with a capital of SAR 1 million.

In a statement to Tadawul, SMASCO said that the commercial register for the entity is complete as a limited liability company, which is 50%-owned by its subsidiary Saneem Investment Co. (a sole proprietorship fully owned by SMASCO). Urban Home Experts Pte Ltd. owns the remaining 50%.

For more news on listed companies

This collaboration marks a significant milestone, as it brings together two market leaders to enhance the domestic service landscape in the Kingdom, the statement added.

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