Investment
The Saudi partner will invest SAR 200,000 as the initial capital.
The investment will be used for:
Company establishment and Commercial Registration (CR)
Office setup and furniture
Government licensing and approvals
Initial operating expenses
Marketing and business development
Working capital
Ownership & Profit Sharing
Saudi Partner: 60% of the net profit.
My Share: 40% of the net profit.
Roles & Responsibilities
Saudi Partner
Provide the initial investment of SAR 200,000.
Establish and maintain the Commercial Registration (CR).
Hold full authority over the company's official bank account.
Have complete control over receiving and handling client payments.
Ensure compliance with Saudi regulations and legal requirements.
My Responsibilities
Manage the day-to-day operations of the manpower supply business.
Source and secure manpower contracts.
Build relationships with clients and manpower suppliers.
Oversee recruitment, workforce coordination, and project execution.
Develop the business and increase revenue and profitability.
Financial Management
All client payments will be received through the company's official bank account under the authority of the Saudi partner. Financial records will be maintained transparently, and net profits will be distributed according to the agreed ratio of 60% to the Saudi partner and 40% to me after deducting all legitimate business expenses.
Objective
The goal is to build a long-term, transparent, and profitable manpower supply company based on mutual trust, legal compliance, and sustainable growth, with both partners contributing according to their respective responsibilities and sharing profits fairly.