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.
For more news on listed companies
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.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}