On July 2, 2026, Saudi Manpower Solutions Co. announced that its subsidiary, Saudi Logistics Services Company Limited, has signed a contract with the Ministry of Human Resources and Social Development on June 29, 2026. The contract, a framework agreement to provide and operate shelters for absent and unemployed domestic workers, carries an estimated value of 80.7 million riyals including VAT over a two-year term. This follows the initial project award announcement made on May 5, 2026. The financial impact is expected to be reflected in the company's financial statements beginning in the third quarter of 2026 and will continue throughout the contract's validity period.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.