In reference to the Ministry of Labor's project "Wage Protection Program," which is one of the national initiatives aimed at ensuring the rights of workers in private sector establishments to receive their wages on time and at the agreed value by monitoring the monthly wage disbursement operations and determining the extent of the establishments' compliance. Following the workshops held with banks to discuss the project and implementation plan, as well as the presentations submitted to the relevant banking committees and the developments of the project mechanism.

SAMA would like to emphasize the importance of this national project and the necessity for all banks to commit and be ready to receive the payroll files for the "Wage Protection System" program from commercial establishments as per the approved format in the "WPS Technical Specification Document." This document has been prepared according to the plan prescribed by the Ministry of Labor, which involves several phases, starting with the first phase on 25/10/1434 AH corresponding to 1/9/2013, targeting commercial establishments with more than 3000 workers and private schools. SAMA also emphasizes the importance of following the necessary procedures to provide the required capabilities to handle account opening requests and ensure the availability of cash through ATMs and other services required by the beneficiaries of the program, such as ATM cards and more.

Hoping to act accordingly and to notify to all concerned departments and branches