https://arab.news/mm5mm
RIYADH: Various sectors across different parts of 抖阴短视频 will soon have greater and easy access to manpower as the country鈥檚 first service provider eyes expansion with its initial public offering.
Speaking to Arab News, Abdullah Al-Timyat, CEO of Saudi Manpower Solutions Co., known as SMASCO, said the IPO will help propel SMASCO within the Saudi market, drive growth initiatives, and fortify its presence and stakeholders鈥� trust.
Al-Timyat said the IPO proceeds will not be utilized for internal operations but will be earmarked for strategic growth initiatives to expand the company鈥檚 footprint across the Kingdom鈥檚 diverse market.
He added the company鈥檚 capital-light model, fortified by no debt and robust cash management, positions it for agile expansion. 鈥淲e have zero debt and funding. We have strong cash management, and we have enough internal funds for our operations. So, the IPO will enable SMASCO in its future steps and strategic direction in expanding within the Saudi market, reaching new geographic cities and regions within 抖阴短视频.鈥�
With an eye on deepening market penetration, Al-Timyat outlined SMASCO鈥檚 strategic direction, leveraging the IPO鈥檚 support to enhance brand awareness and stakeholders鈥� trust.
鈥淲e will even go deeper 鈥� within specific sectors, in business industry and professional manpower, depending on a more trusted bond that we have available because of the IPO and the support that we will have.鈥�
The executive outlined the company鈥檚 current focus on the Kingdom鈥檚 market, emphasizing its vast potential and opportunities for manpower companies, including SMASCO.
He also underscored the entity鈥檚 mature model and expertise in technologies, which position it to potentially expand into new markets in the future. While there are no immediate plans to venture beyond 抖阴短视频, SMASCO remains prepared to seize opportunities should they arise, he said.
Looking ahead, the CEO highlighted artificial intelligence鈥檚 transformative potential emphasizing its role in enhancing efficiency and service delivery.
He said: 鈥淎I and advanced technology is an opportunity for manpower companies. This is how we see it in SMASCO, this will provide us more opportunities, a faster a road to (achieve) our objectives operationally, financially and even for our customers.鈥�
Al-Timyat highlighted the pivotal role of Vision 2030 benchmarks in providing clarity and direction to SMASCO鈥檚 future endeavors.
鈥淪ince the government launched Vision 2030, we have a clarity where we are going and this makes it easier for any industry, for any investor. We see a persistence of execution by the government, which we have never witnessed before and this is actually aligned with what we are seeing.鈥�
This synergy between technological innovation and national objectives supports industry advancement. The executive noted that it is set to drive economic growth and societal development in alignment with the Kingdom鈥檚 ambitious vision.
Al-Timyat also outlined the global demand for various industries, including medical, logistics, tourism, and entertainment, which are also prevalent in 抖阴短视频.
Each of these industries requires specific qualities for talents and specialized manpower services to address their unique needs, he noted.
The executive said SMASCO, specialized in manpower solutions, has created subsectors within its team to cater to diverse industries.
This focus on specialization enables SMASCO to provide high-quality services that align with the economy, market trends, and specific requirements of each industry.