Maharah financial position solid; job demand set to improve in near term: Acting CEO

Abdulaziz Alkathiry, Acting CEO of Maharah Human Resources Co.

Maharah Human Resources Co. has a solid financial position that allows it to explore available investment opportunities to acquire specialized companies, serve its strategy and generate lucrative returns for investors, Acting Chief Executive Officer (CEO) Abdulaziz Alkathiry told Argaam in a telephone interview.

“Mega projects in the Kingdom stimulate huge growth in all sectors. Currently, demand is rising for vocational and non-vocational jobs, which will increase the workforce at Maharah, especially amid easing COVID-19 precautionary measures and international flight restrictions in some countries that export labor force,” Alkathiry added.

Maharah focuses on the health, entertainment, industrial and recruitment sectors. It also focuses on the secondment of Saudis – a promising opportunity for the company to provide services for over 800 customers of the largest private sector companies in the Kingdom.

On the other hand, many challenges were posed by the COVID-19 pandemic in the entire sector, either through the suspension of per-hour domestic worker services or the company’s inability to recruit workforce. Various industries in different sectors were hit, in addition to the higher costs incurred, due to implementing the precautionary measures.

The biggest challenge in the coming period is the ability to meet the growing demand of Maharah’s customers in the business and retail sectors, amid the application of some local and international protocols on recruitment.

Maharah is devising various solutions and initiatives to overcome these challenges, Alkathiry concluded.