RIYADH: Saudi human resource service provider OHR Co., also known as KABI Technologies Co. for IT, has completed the acquisition of 100 percent of Bloovo Co. Ltd in a swap of shares transaction, a bourse filing revealed.
KABI is 40 percent owned by Riyadh-based human resource firm Maharah Resources Co.
The transaction will result in Maharah owning over 3.9 million shares of KABI, equal to 19.78 percent of its equity.
Through this acquisition, KABI and Bloovo aim to help clients create and manage talent acquisition solutions, as well as to leverage data analytics and artificial intelligence to boost applicant experience and recruitment.
Bloovo is a firm that offers artificial intelligence-powered recruitment solutions, while KABI, which has a capital of $53 million, specializes in HR and nationalization services and solutions in the Kingdom.
