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Maharah Human Resources Company

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uuid000b271

Namestring
Maharah Human Resources Company
Legal namestring
Maharah Human Resources Co.
Websiteurl
maharah.com
Company typeenum
Public
Founded yearint
2013
Descriptiontext

Maharah Human Resources Company is a publicly listed Saudi human resources services firm, domiciled in Jeddah and trading on the Saudi Tadawul exchange. Founded in 2013, the company supplies the Saudi labor market with cadres and workers across multiple professions, operating under what appears to be a manpower-supply / staffing model aligned to Saudi labor regulations including Saudization requirements. The company is mid-cap by Tadawul standards, with a recently expanded share capital of SAR 600 million following a 26.32% bonus-share issuance approved in June 2026.

The company broadens its HR-services stack through technology assets, most notably the December 2018 acquisition of Bloovo, a recruitment technology platform. This adds a digital channel to what is otherwise a traditional staffing and workforce-supply business, supporting both employer and candidate-side workflows. Financials, ownership structure beyond the dispersed public float, specific product pricing, named customer logos, and detailed geographic footprint are not disclosed in the available sources, which limits granularity on revenue mechanics, customer mix, and segment economics.

The capital raise was explicitly framed by management as funding expansion plans and strategic objectives, signaling continued investment in scale, and the company retains flexibility to deploy capital toward product, geographic, or M&A initiatives within the Kingdom's regulated labor market.

Short descriptiontext

Maharah Human Resources Company is a publicly listed Saudi HR services firm, headquartered in Jeddah, that supplies the Kingdom's labor market with cadres and workers across multiple professions and operates a digital recruitment platform via its Bloovo acquisition.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersJeddah, Saudi Arabia
HQ citystring
Jeddah
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Keyword5 values
staffing services, manpower supply, workforce outsourcing, recruitment services, human resources solutions
Industry1 code
1Contractor Payroll, Invoicing & Payment Services
CodeBPACAGADPrimaryYes
NAICS code1 code
  • Payroll Services541214
SIC code1 code
  • Services-Employment Agencies7361
Product category
Staffing Services
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Maharah Human Resources Company supplies the Saudi labor market with cadres and workers across various professions, operating as a staffing and manpower outsourcing provider. The firm delivers workforce solutions to clients, leveraging a recruitment technology platform obtained through its acquisition of Bloovo in December 2018.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Manpower and Workforce Supply Services
CategoryStaffing Services
Description

Staffing and outsourcing service that provides cadres and workers in various professions to Saudi-based employers and organizations needing external workforce support.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Tamheer Company
TypeDirect peer
Description

Saudi-based HR services firm providing staffing, outsourcing, and workforce solutions across multiple verticals; directly competes with Maharah in the Saudi contract-staffing and labor-supply market.

2Saudi Manpower Solutions Company (SMASCO)
TypeDirect peer
Description

Saudi-listed staffing and manpower services company supplying contract workers to private-sector clients; a like-for-like competitor in the same Jeddah/Riyadh-headquartered general-staffing category as Maharah.

3Alkifah Company (Kafaa)
TypeDirect peer
Description

Saudi HR outsourcing and staffing services provider; competes directly with Maharah in Saudization-compliance workforce supply and managed HR services.

4Mudad
TypeEmerging player
Description

Saudi-based HR-tech / compliance platform supporting employer-side Saudization, EOSB, and workforce administration; represents the digital/managed-services layer that overlaps with Maharah's broader service portfolio.

5ManpowerGroup (Middle East operations)
TypeBroad incumbent
Description

Global staffing and workforce-solutions leader with active Saudi Arabia operations; competes with Maharah in contract staffing and large-enterprise workforce outsourcing across multiple verticals.

6Adecco Group (Middle East operations)
TypeBroad incumbent
Description

Global HR services firm with regional presence; offers staffing, RPO, and talent solutions comparable to Maharah's generalist labor-supply and outsourced workforce offerings.

7Hays (Middle East operations)
TypeBroad incumbent
Description

Global specialist recruiter with established Middle East operations; comparable to Maharah in the professional/technical staffing layer that supports Saudi mega-project hiring demand.

8Michael Page (Middle East operations)
TypeBroad incumbent
Description

Global recruitment firm with strong Saudi and Gulf presence; competes with Maharah for mid-to-senior professional placements and contract staffing engagements.

9Talentia (formerly GES - Gulf Executive Solutions)
TypeRegional player
Description

HR services and recruitment firm operating across the GCC; comparable regional peer serving Saudi and Gulf clients with workforce supply and recruitment services.

10NAQEL Express / Jameel Logistics HR ecosystem
TypeOthers
Description

Saudi logistics conglomerate employing large contract workforces; representative of the in-house staffing operations that Maharah competes against for outsourcing contracts in logistics and delivery verticals.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Maharah Human Resources Company

Staffing Servicesmaharah.com

Maharah Human Resources Company is a publicly listed Saudi HR services firm, headquartered in Jeddah, that supplies the Kingdom's labor market with cadres and workers across multiple professions and operates a digital recruitment platform via its Bloovo acquisition.

What Maharah Human Resources Company does

Maharah Human Resources Company is a publicly listed Saudi human resources services firm, domiciled in Jeddah and trading on the Saudi Tadawul exchange. Founded in 2013, the company supplies the Saudi labor market with cadres and workers across multiple professions, operating under what appears to be a manpower-supply / staffing model aligned to Saudi labor regulations including Saudization requirements. The company is mid-cap by Tadawul standards, with a recently expanded share capital of SAR 600 million following a 26.32% bonus-share issuance approved in June 2026.

The company broadens its HR-services stack through technology assets, most notably the December 2018 acquisition of Bloovo, a recruitment technology platform. This adds a digital channel to what is otherwise a traditional staffing and workforce-supply business, supporting both employer and candidate-side workflows. Financials, ownership structure beyond the dispersed public float, specific product pricing, named customer logos, and detailed geographic footprint are not disclosed in the available sources, which limits granularity on revenue mechanics, customer mix, and segment economics.

The capital raise was explicitly framed by management as funding expansion plans and strategic objectives, signaling continued investment in scale, and the company retains flexibility to deploy capital toward product, geographic, or M&A initiatives within the Kingdom's regulated labor market.

Maharah Human Resources Company firmographics

Firmographics
Name
Maharah Human Resources Company
Legal name
Maharah Human Resources Co.
Website
https://maharah.com
Company type
Public
Founded year
2013
Operating status
Operating
Headcount range
101–250 employees
Short description
Maharah Human Resources Company is a publicly listed Saudi HR services firm, headquartered in Jeddah, that supplies the Kingdom's labor market with cadres and workers across multiple professions and operates a digital recruitment platform via its Bloovo acquisition.
Ownership category
akta.pro rank

Maharah Human Resources Company industry classification

Industry
Product category
Staffing Services
NAICS
Payroll Services (541214)
SIC
Services-Employment Agencies (7361)
akta.pro primary industry
Contractor Payroll, Invoicing & Payment Services (BPACAGAD)

Keywords

  • Staffing services
  • Manpower supply
  • Workforce outsourcing
  • Recruitment services
  • Human resources solutions

Where Maharah Human Resources Company is headquartered

Location

Headquarters

HQ city
Jeddah
HQ country
Saudi Arabia
HQ region
Middle East

Markets served

Maharah Human Resources Company business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Maharah Human Resources Company product offering

Product offering

Core offering

Maharah Human Resources Company supplies the Saudi labor market with cadres and workers across various professions, operating as a staffing and manpower outsourcing provider. The firm delivers workforce solutions to clients, leveraging a recruitment technology platform obtained through its acquisition of Bloovo in December 2018.

Differentiator

Problem solved

Functional benefit

Products and services

  • Manpower and Workforce Supply Services Staffing and outsourcing service that provides cadres and workers in various professions to Saudi-based employers and organizations needing external workforce support.

Companies that use Maharah Human Resources Company

Customer profile

Ideal customer profiles1 record

Maharah Human Resources Company technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Maharah Human Resources Company partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves2 records

Expansion highlights3 records

Maharah Human Resources Company competitors and assessment

Company assessment

Direct peers

  • Tamheer Company: Saudi-based HR services firm providing staffing, outsourcing, and workforce solutions across multiple verticals; directly competes with Maharah in the Saudi contract-staffing and labor-supply market.
  • Saudi Manpower Solutions Company (SMASCO): Saudi-listed staffing and manpower services company supplying contract workers to private-sector clients; a like-for-like competitor in the same Jeddah/Riyadh-headquartered general-staffing category as Maharah.
  • Alkifah Company (Kafaa): Saudi HR outsourcing and staffing services provider; competes directly with Maharah in Saudization-compliance workforce supply and managed HR services.

Emerging players

  • Mudad: Saudi-based HR-tech / compliance platform supporting employer-side Saudization, EOSB, and workforce administration; represents the digital/managed-services layer that overlaps with Maharah's broader service portfolio.

Broad incumbents

  • ManpowerGroup (Middle East operations): Global staffing and workforce-solutions leader with active Saudi Arabia operations; competes with Maharah in contract staffing and large-enterprise workforce outsourcing across multiple verticals.
  • Adecco Group (Middle East operations): Global HR services firm with regional presence; offers staffing, RPO, and talent solutions comparable to Maharah's generalist labor-supply and outsourced workforce offerings.
  • Hays (Middle East operations): Global specialist recruiter with established Middle East operations; comparable to Maharah in the professional/technical staffing layer that supports Saudi mega-project hiring demand.
  • Michael Page (Middle East operations): Global recruitment firm with strong Saudi and Gulf presence; competes with Maharah for mid-to-senior professional placements and contract staffing engagements.

Regional players

Others

  • NAQEL Express / Jameel Logistics HR ecosystem: Saudi logistics conglomerate employing large contract workforces; representative of the in-house staffing operations that Maharah competes against for outsourcing contracts in logistics and delivery verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Maharah Human Resources Company social profiles

Digital presence

Maharah Human Resources Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Maharah Human Resources Company leadership team

Management profile

Number of profiles

Profiles1 record

Maharah Human Resources Company funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Maharah Human Resources Company M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maharah Human Resources Company

What does Maharah Human Resources Company do?

Maharah Human Resources Company supplies the Saudi labor market with cadres and workers across various professions, operating as a staffing and manpower outsourcing provider. The firm delivers workforce solutions to clients, leveraging a recruitment technology platform obtained through its acquisition of Bloovo in December 2018.

Is Maharah Human Resources Company a public or private company?

Maharah Human Resources Company is a public company. It is classified as public and is currently operating.

When was Maharah Human Resources Company founded?

Maharah Human Resources Company was founded in 2013. It employs 101 to 250 people.

Where is Maharah Human Resources Company based?

Maharah Human Resources Company is headquartered in Jeddah, Saudi Arabia, in the Middle East region.

Who are Maharah Human Resources Company's main competitors?

Direct peers on record are Tamheer Company, Saudi Manpower Solutions Company (SMASCO) and Alkifah Company (Kafaa). Mudad is listed as an emerging player. Broad incumbents are ManpowerGroup (Middle East operations), Adecco Group (Middle East operations), Hays (Middle East operations) and Michael Page (Middle East operations). Talentia (formerly GES - Gulf Executive Solutions) is listed as a regional player. NAQEL Express / Jameel Logistics HR ecosystem is listed as an others.

Does Maharah Human Resources Company have an API?

No public API is recorded for Maharah Human Resources Company.

What industry is Maharah Human Resources Company in?

Maharah Human Resources Company's product category is Staffing Services. Its primary akta.pro industry code is BPACAGAD, Contractor Payroll, Invoicing & Payment Services. Its NAICS code is 541214 and its SIC code is 7361.

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Live signals
SahmcapitalU.S. Aug NFP & ADP in Focus; LEAP 2026 Tech Conference Kicks Off; Dividend Events for SABIC (2010), Maharajah (1831), Budget Saudi (4260)A weekly market watch outlines upcoming events for the Saudi and U.S. markets, including dividend payouts from Maharah Human Resources Co. and Saudi Basic Industries Corp., plus the LEAP 2026 Tech Conference on August 31 to September 3, 2026. It also notes the Trump administration's new September tariffs on Canada and U.S. labor data, including ADP and Nonfarm Payrolls, ahead of the Federal Reserve's September meeting.ArgaamMaharah CEO: Most strategic contracts renewed, utilization rates rise to 92%Maharah Human Resources Co. renewed most of its existing strategic contracts and signed new agreements worth over SAR 270 million during the first half of 2026. The company achieved a client retention rate of 98% and expanded into specialized sectors and Saudi staffing outsourcing.ArgaamMaharah board declares 8% cash dividend for H1 2026Maharah Human Resources Co.'s board of directors declared on August 10 an 8% cash dividend of SAR 0.08 per share for the first half of 2026, totaling SAR 45.6 million across 569.7 million eligible shares. The record date is August 18, 2026 and the payment date is August 30, 2026. The company has 30.3 million treasury shares allocated for its long-term employee stock incentive plan.Business RecorderMajor Gulf Shares subdued on uncertainty over Hormuz dealMajor Gulf stock markets traded cautiously on Monday amid uncertainty over a potential deal to reopen the Strait of Hormuz, complicated by Iran's demands for US concessions including compensation for strikes on its territory. The Houthis struck Saudi Aramco's Jazan refinery, adding to supply security concerns following ADNOC's report that 15 of its vessels were attacked while transiting the strait. Saudi Arabia's benchmark index eased 0.1%, Dubai fell 0.2%, Abu Dhabi dropped 0.1%, and Qatar's index retreated 0.5%, with individual stocks including Maharah For Human Resources plunging 8.4% and Emaar Properties sliding 1.2%.ArabnewsClosing Bell: Saudi stocks edge higher as Tadawul closes at 10,845Saudi Arabia's Tadawul All Share Index edged higher on Monday, closing at 10,845.58 after gaining 28.57 points. Trading turnover reached SR5.299 billion, with 135 stocks advancing and 127 declining. Riyad Bank completed a SR10 billion sukuk offering, and several companies announced dividends, contracts, and credit facilities.ArgaamMaharah approves 26.32% capital hike via bonus sharesShareholders of Maharah Human Resources Co. approved a 26.32% capital increase through the issuance of 125 million bonus shares, raising capital from SAR 475 million to SAR 600 million. The bonus shares, offered at a ratio of five shares for every 19 held, will be funded entirely by capitalizing the company's SAR 103.06 million statutory reserve and SAR 21.94 million from retained earnings. The company stated the capital increase aims to strengthen its financial position, enhance solvency, support expansion plans, and achieve strategic objectives.TradingViewMaharah Signs MoU With Dallah HealthcareMaharah for Human Resources has signed a memorandum of understanding with Dallah Healthcare Company to study a potential transaction involving the sale of Growth Avenue's entire stake in Care Shield Holding to Dallah Healthcare. The MOU represents an initial step toward what could be a significant divestiture for Maharah in the healthcare sector. No further timeline or financial details regarding the potential transaction were disclosed.ArgaamMaharah has solid core activities: CEOMaharah Human Resources Co. reported that Q3 2023 results were impacted by higher finance costs stemming from acquisitions of Care Shield Holding Co. and Saudi Medical Systems Co. in Q3 2022, which weighed on net income compared to Q3 2022. The company's individuals segment experienced revenue decline due to a price ceiling on services imposed by the Ministry of Human Resources and Social Development starting February 2023, combined with the suspension of Indonesian nationals recruitment and a shift to lower-cost African nationalities, compressing profit margins. Despite these headwinds, the business segment, Saudis sourcing, and hourly services are performing strongly, with labor numbers in the business segment rising 16% year-on-year, and the CEO expects this positive performance to continue backed by strong demand across most segments.