Madad platform restriction; access to the platform only through the registered mobile number of the firms owner on Absher

The Madad platform, which is specialized in depositing salaries of private sector employees, has restricted access to the platform to benefit from its services only through the registered mobile number of the firm’s owner on Absher when requesting to send the verification code. This new regulation came into force on Tuesday, Feb. 21.

The Ministry of Human Resources and Social Development had granted private establishments the power to make the payment through the platform or by signing an agreement with Saudi banks so as to legalize the depositing of monthly salaries.

The Madad has announced the annual fee structures for registering and benefiting from the platform’s services by small and medium enterprises (SMEs) on the basis of the strength of employees.

The fee has been fixed at SR460 for SMEs with nine or fewer workers while the fee for firms with employees ranging between 10 and 29 is SR575.

The fees are SR690 for establishments with 30-59 employees and SR805 for establishments with 60-99 employees, while the fee for firms with 100-1000 employees has been fixed at SR920.

The Madad platform provides technical solutions to SMEs in all matters related to salary management systems as well as facilitates procedures for automating payroll systems.