The best employee savings platforms in Saudi Arabia, reviewed. An overview from Eddekhar for HR and finance leaders, starting with Eddekhar and giving a fair look at the main alternatives in the market.
Last updated: November 2026. Check current features with each provider before making a purchasing decision.
This guide is written by Eddekhar, so we've put our own platform first. Descriptions of the other platforms are based on what each provider publishes on its website as of November 2026.
1. Eddekhar
Payroll savings invested automatically in Shariah-compliant portfolios chosen by the employee, with an optional employer contribution and 5- to 10-year vesting programs. On the same platform, companies can add employee discounts and offers, life insurance and financial literacy workshops. Permitted by the CMA under a FinTech Experimental Permit to test robo-advisory services.
2. ThriftPlan
A well-known workplace savings provider in Saudi Arabia, offering automated payroll deductions, employer contributions and vesting tools. A good fit for companies focused on the core of a savings program under CMA oversight.
3. Ratibi+ (Madkhol)
Madkhol Financial's Ratibi+ combines saving with investing: part of the employee's salary is deducted and invested in a managed portfolio, and the company adds a matching contribution tied to a vesting period. The program launched in September 2025, and Madkhol states on its website that it is licensed by the CMA.
4. SAB Invest ETIP
The Employee Thrift & Investment Plan from SAB Invest, a subsidiary of Saudi Awwal Bank (SAB), approved by SAB's Sharia board. The employer sets its contribution, and employees choose between investment models from conservative to aggressive, covering Shariah-compliant funds and conventional products, through a digital portal for employers and employees. SAB Invest has been licensed by the CMA since 2007.
5. SNB Capital Corporate Savings
An automated, Shariah-compliant savings program built on monthly salary contributions, with the employer typically adding a matching contribution under the plan's terms. Employers get a relationship manager and regular service reports. SNB Capital has been licensed by the CMA since 2006.
Platform comparison
- Eddekhar — Provider: Eddekhar Financial Technology · CMA: FinTech Experimental Permit (2025) · Best for: payroll savings plus discounts, insurance and financial workshops on one platform
- ThriftPlan — Provider: ThriftPlan, Riyadh · CMA: FinTech Experimental Permit (2024) · Best for: savings programs alongside incentive and performance-reward plans
- Ratibi+ — Provider: Madkhol Financial · CMA: Licensed · Best for: investment-led savings with a contribution tied to a vesting period
- SAB Invest ETIP — Provider: SAB Invest (Saudi Awwal Bank) · CMA: Licensed since 2007 · Best for: Shariah-compliant and conventional options backed by an asset manager
- SNB Capital — Provider: SNB Capital (Saudi National Bank) · CMA: Licensed since 2006 · Best for: larger companies that want a relationship manager and service reports
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Frequently asked questions about this topic
What is an employee savings platform?
A program offered by the employer in which part of the employee's salary is deducted automatically and invested. The company often adds a contribution tied to a vesting schedule, to build long-term savings and help retain staff.
Is Eddekhar permitted by the CMA?
How do I choose a savings platform for my employees?
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