Logo of Al Mawarid Manpower Co.
Al Mawarid Manpower Co. received on Jan. 6 a circular from the Ministry of Human Resources and Social Development (HRSD) on amending the minimum required number of domestic workers from a fixed rate of 30% to varying percentages, according to a statement to Tadawul.
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According to the ministry, companies with 3,000 workers or fewer have the required percentage set at 30%.
For companies with more than 3,000 workers and up to 10,000 workers, the required percentage set for this segment is 20%. Companies with 10,000-15,000 workers, the required percentage is 10%.
In addition, companies with 15,000 workers or more, no percentage is applied.
Al Mawarid expects the decision to impact its operations, noting that it would reduce the company’s commitment to employ a fixed percentage of the total workforce.
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