Malachite

What Malachite does

Malachite (مالاكايت) is a Saudi Arabian cloud-based HR management SaaS company founded in 2019 and headquartered in Riyadh. It operates under the legal entity Nazm for Information Technology Company (شركة نظم لتقنية المعلومات), Commercial Registration No. 1010675622, and serves the Saudi market exclusively with locally hosted infrastructure, Arabic-language product design, and field sales plus inside sales distribution channels.

The platform is a unified HR suite comprising 17+ modules including Payroll Processing (مسير الرواتب), Attendance & Time Tracking with biometric integration, Employee Self-Service Portal, Applicant Tracking System, Workforce Planning, Performance Management, Succession Planning, and Leave Management. The architecture relies on interconnected employee records shared across modules, with native integrations into Saudi government platforms Muqeem (مقيم), GOSI (التأمينات الاجتماعية), and Mudad (مدد) for automated wage protection filings, social insurance submissions, and end-of-service calculations. AI-powered automation is positioned across daily HR workflows, policy enforcement, and biometric attendance.

Malachite operates a subscription SaaS model with per-employee, annual billing and no publicly disclosed pricing tiers; sales engagement is driven by an ROI calculator, demo requests, and direct outreach. The company has disclosed scale metrics of 1,000+ clients, 82,000+ employees managed, SAR 3 billion in payroll processed, and SAR 14 million in error-avoidance savings. No external funding rounds, M&A, or investor ownership has been disclosed, indicating a bootstrapped, founder-owned operating model.

Name

Malachite

Legal name

شركة نظم لتقنية المعلومات

Website

https://malhr.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Malachite is a cloud-based human resources management system.

Ownership category

akta.pro rank

Product category

Human Resources Management Software

NAICS

Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Core HR & HRIS (BPACAPAA)

Keywords

• Cloud HR software
• Payroll management
• Attendance tracking
• Employee self-service
• HR automation

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription SaaS - HR Platform: Malachite operates as a cloud-based HR software-as-a-service platform. Customers subscribe to access the integrated HR suite including payroll, attendance, self-service, ATS, and other modules. Pricing is per-employee with claimed savings of 10,000 SAR annually per 50 employees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Malachite is a cloud-based HR management SaaS platform built specifically for Saudi Arabian organizations, providing an integrated suite for payroll processing, attendance and time tracking, employee self-service, applicant tracking, workforce planning, performance management, and succession planning. The platform is hosted locally within Saudi Arabia with native integration to Saudi government services (Muqeem, GOSI, Mudad) for regulatory compliance and automates HR workflows using AI-powered capabilities. It is sold on a per-employee annual subscription basis to SMBs and large enterprises across diverse Saudi industry verticals.

Product overview

Malachite is a unified, cloud-based HR management platform built specifically for Saudi Arabian organizations. The platform integrates 17+ modules including Payroll Processing, Attendance & Time Tracking, Employee Self-Service Portal, Applicant Tracking System (ATS), Workforce Planning, Performance Management, and Leave Management into a single cohesive system. The architecture follows a platform-plus-modules model where all modules operate together within one platform with interconnected data, shared workflows, and synchronized employee records. The platform features AI-powered automation for daily HR tasks, biometric attendance integration, government service connectivity (Mojed, GOSI, Madad), and local hosting within Saudi Arabia. Built and supported by Nassim for Information Technology (شركة نظم لتقنية المعلومات), the system emphasizes operational efficiency, legal compliance with Saudi labor regulations, and cost reduction.

Differentiator

Problem solved

Functional benefit

Products and services

• Malachite HR Platform - Payroll Module (مسير الرواتب) Comprehensive payroll processing system that automates salary calculations, deductions, commissions, and end-of-service benefits with one-click processing and wage protection file submission to government services. Designed for Saudi Arabian businesses requiring compliant payroll handling.
• Malachite HR Platform - Attendance & Time Tracking (الحضور والإنصراف) Automated attendance management system with biometric integration, delay/absence tracking, overtime calculation, and automated violation-to-penalty conversion with legally documented penalties compliant with Saudi labor regulations.
• Malachite HR Platform - Employee Self-Service Portal (الخدمات الذاتية) Self-service platform enabling employees to submit leave requests, view pay slips, update personal data, request salary certificates, business trips, and other requests automatically without HR intervention, reducing HR team workload by up to 70%.
• Malachite HR Platform - Applicant Tracking System (ATS) - بوابة التوظيف Recruitment management system for receiving applications, organizing candidates, resumes, interviews, job offers, and onboarding data for Saudi Arabian employers.
• Malachite HR Platform - Workforce Planning (تخطيط القوى العاملة) Workforce planning module for forecasting staffing needs and budgets, eliminating random and surprise recruitment costs for Saudi Arabian organizations.

Quantifiable outcome

• Reduces HR team workload by up to 70% through employee self-service portal
• +4 more outcomes

Named customers37 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Muqeem (مقيم)coreTechnology or IntegrationMalachite is natively integrated with Muqeem (Qiwa platform) for employment verification and compliance. This integration enables seamless data exchange and automated compliance workflows as part of the Saudi government's digital services ecosystem.
• GOSI - General Organization for Social Insurance (التأمينات الاجتماعية)coreTechnology or IntegrationMalachite is connected with GOSI for social insurance compliance. The system supports automated submissions and data synchronization with the General Organization for Social Insurance as part of Saudi regulatory requirements.
• Mudad (مدد)coreTechnology or IntegrationMalachite is connected with Mudad platform for end-of-service benefit calculations and related government services. Integration enables one-click generation of wage protection files and Mudad submissions.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Menaitech: Menaitech is a leading Saudi-headquartered HR and payroll software provider serving the MENA region. It directly competes with Malachite on cloud-based HRIS, payroll, and government compliance, and is the most established Saudi-native HRIS incumbent.
• Smart HR: Smart HR is a Saudi-based cloud HR and payroll solution directly competing with Malachite in the Saudi market. It targets Saudi SMEs and enterprises with similar local compliance and government integration features.
• Jisr HR: Jisr is a Saudi cloud-based HR platform offering payroll, attendance, and employee management services. It directly competes with Malachite in the Saudi market with comparable local compliance features.
• Palm HR: Palm HR is a Saudi-based HR software solution targeting local businesses with HR management, payroll, and compliance features. It is a direct competitor to Malachite, listed alongside it in the competitive FAQ on Malachite's website.
• Ektifa: Ektifa is a Saudi-based HR and business solutions provider directly competing with Malachite in the Saudi market. It is named in Malachite's competitive FAQ as a peer alternative.
• Kayan HR: Kayan HR is a Saudi-based HR software solution offering payroll, attendance, and workforce management. It directly competes with Malachite in the Saudi market and is listed alongside it in Malachite's competitive FAQ.

Regional players

• ZenHR: ZenHR is a cloud HR and payroll platform headquartered in Jordan, serving the broader MENA region including Saudi Arabia. It offers competing modules for payroll, attendance, and government integrations, making it a regional alternative to Malachite.
• Bayzat: Bayzat is a UAE-based employee benefits, insurance, and HR platform serving the Middle East, including Saudi Arabia. It is a regional HR/benefits player that competes for the same Saudi SMB and mid-market HRIS customers.

Broad incumbents

• Workday: Workday is a global enterprise HRIS and cloud applications vendor with broad HR, payroll, and financial management capabilities. It represents a broad incumbent threat to Malachite in the Saudi enterprise tier with deeper resources and global brand.
• SAP SuccessFactors: SAP SuccessFactors is a global enterprise HCM suite serving large multinationals, including those in Saudi Arabia. As a broad incumbent, it competes with Malachite in upper-mid-market and enterprise HR deals with greater brand and global capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/Malachite_HR
• LinkedInlinkedin.com/company/malachitehcm

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malachite