Maharah working on promising opportunities; Spectra acquisition to offer new services: CEO

Logo of Maharah Human Resources Co.

Maharah Human Resources Co. is working on its strategy, which includes more opportunities and promising acquisitions, CNBC Arabia TV channel reported, citing CEO Abdulaziz Alkathiry. 

He added that the company expects to achieve growth in the coming years. 

The financial impact of acquiring 90% of Spectra Support Services will start to appear in the third and fourth quarters of 2021, Alkathiry said, noting that the deal aims to offer new services to customers. 

Commenting on the company's Q2 2021 financial results, the top executive said they were much better than the first quarter, as the company worked on initiatives and quick solutions to maintain its operational efficiency, internal business model, as well as optimal use and control of some expenses.   

Further, Alkathiry said the labor cost decreased, due to the decline in average labor force. "On the other hand, the company witnessed a slight increase in the costs of institutional quarantine and distancing. It also worked to control administrative expenses, which led to growth in the second-quarter profit." 

The COVID-19 pandemic, suspension of flights, and lockdown of labor-exporting countries affected the company's H1 2021 financial results. 

Maharah is looking forward to benefiting from the resumption of aviation activity, Alkathiry concluded.