The founders of the recruitment company to be set up in Riyadh will meet Monday at the Riyadh Chamber of Commerce and Industry. Chamber officials called on shareholders who participated in the meeting held here on June 2, 2008 to attend the meeting, set for 1 P.M. at Sheikh Abdul Aziz Al-Meq'rin Hall. Waleed Abdul Lateef Al-Suwaidan, Chairman of the Founding Committee of the recruitment company, said, “It is important that all shareholders attend this meeting to start working on the foundation plans of the company and discuss their vision for its future activities,” according to a report carried by the Saudi Press Agency. As per the new labor law, recruitment of foreign labor will be restricted to mega-recruitment companies with capital ranging from SR50-100 million. All small recruitment firms have been advised to merge into forming mega-recruitment firms. The big recruitment companies will replace smaller operators in the market. The regulations stipulate the founders of a recruitment company must have at least five members of current recruitment agencies in the country. At least 5 such mega-recruitment firms are envisaged in the entire country. The idea of mega-recruitment companies is part of a plan by the Saudi National Recruitment Committee (SANARCOM) to have firms that will act as general service companies in recruiting and bringing in foreign workers. SANARCOM, at the Council of Saudi Chambers in Riyadh, believes that well-organized Saudi recruitment firms with better management and bigger capitalization will be able to do a better job in recruiting foreign manpower than small establishments. Larger recruitment firms will operate with improved recruitment processes and ensure better protection for foreign workers, particularly household workers such as housemaids and family drivers.
