Riyadh - Sharikat Mubasher: Mudad, a leading Saudi fintech platform, signed a cooperation agreement with Khazna Financial Technology to launch the ‘Flexible Salary,’ a new product that enables employees to access a portion of their earned salaries before the official payroll disbursement date.

The partnership aims to provide more financial flexibility and deepen the relationship between organizations and their employees, as reported by the Saudi Press Agency (SPA).

The Flexible Salary product will enable employees to receive part of their salary at any time, ultimately enhancing job performance and overall employee satisfaction.

The agreement aligns perfectly with both companies’ efforts to accelerate digital transformation in human resources management. It also enhances collaboration to provide innovative solutions that work environment and protect workers' rights.

Modad is a semi-governmental company specializing in financial technologies tailored to facilitate payroll management. It targets improving the quality of payroll systems in the Kingdom by providing innovative digital solutions to small and medium-sized businesses.