"Pasture" It enhances the savings system for workers within its business community

2025/02/20 7:33:11 PM

3 minutes read

Ras Al Khaimah on February 20 / WAM / The Ras Al Khaimah Economic Regions Authority, Rakz, entered into a strategic partnership with Braxis, a pensioner and employer services, and Ecoovo, the main provider of technologies specialized in integration of systems and safe data management, With the aim of presenting the savings fund plan at the workplace in the Middle East region (MEWSS) to the “Rakz” business community, which provides an integrated solution To support the financial stability of employees and enhance their job loyalty.
The partnership ceremony took place with the signing of a memorandum of understanding at the Combas Business Center, by James Barberlalax, head of pension management and employers ’solutions in the Braxis Group, Hazem Abdel Rahman, CEO of Ekouevo, and Mohamed Qutaiba Al -Issa, director of value -added services at Rakz.
In its capacity as the approved authority, Braxis will implement savings plans, manage them and supervise its operations continuously, while Ecuvo will work as the technical provider to integrate its systems with the infrastructure of centers to simplify registration operations, which allows all members an easy -to -use interface to follow up and manage their accounts.
The (MEWSS) platform is locally designed to ensure data exchange safely, with complete compliance with local data protection laws as well as the management of basic documentary operations such as know your customer (KYC), know your work (KYB) and combat money laundering (AML) with the approval of customers.
Rami Glad, CEO of the Rakz Group, said that this initiative reflects the firm commitment to improving the business environment and enhancing the welfare of partners and stakeholders, as this plan is in line with the group’s strategic vision aimed at providing innovative solutions that support customers and provide them with an integrated financial tool, which contributes to enabling companies From achieving sustainable growth.
Jallad added that this step enhances Rakz’s efforts in building a prosperous business environment that allows companies and their employees to prosper together, and through this advanced solution we help companies attract the best talents and keep them while ensuring financial stability and job satisfaction of the workforce.
The mewss platform provides an advanced savings solution in the work environment, allowing employers to provide valuable financial benefits to their employees. This plan was designed to enhance interaction, retain employees and increase productivity, as it enables them to save and invest easily through monthly deductions of salaries, in addition to that the platform provides the employers An effective mechanism for managing and financing end of service bonuses through a credit account Separate, which enhances the financial stability of employees and reduces financial obligations on the company’s budget.
James Barberlax said that “Rakz” is one of the fastest growing free zones in the UAE, noting that financial stability constitutes a fundamental element in the contemporary work environment, especially with long -term residence for expatriates in the country, which makes planning for their financial future a increased necessity, as it provides mewsses An integrated solution that combines traditional financial services with modern technologies, ensuring a smooth experience And effective.

Hazem Abdel Rahman, CEO of Ecuvo, said that the company’s platform is characterized by reliability by many companies operating in the UAE, expressing his aspiration to expand in the Emirate of Ras Al Khaimah to support the business community in achieving growth and sustainability.
This partnership represents a strategic step in the “Rakz” march towards strengthening the business environment and supporting the financial luxury of its community, and “Rakz” provides its companies through this initiative innovative solutions that contribute to improving the financial performance of its employees and enhancing their job stability, which contributes to the sustainability and long -term growth of business .