The easiest all-in-one platform for managing the member register, general assembly and board of cooperative societies
Hefth is a registered trademark offering a technical solution for managing shareholder registers, fully owned and operated by Exit Finance (licensed by the Ministry of Commerce and authorized by the Capital Market Authority), headquartered on Prince Mohammed bin Salman Road – Qurtubah District – Riyadh.
Hefth offers boards of cooperative societies a fully automated system for managing the register of members and their shares, organizing the general assembly and voting, appointing the board of directors and distributing surplus, in line with the new Cooperatives Law.
Hefth Cooperative Societies is a fully automated system that gives you control over:
Hefth gives cooperative societies full control over the member register, general assembly, board of directors and surplus from one platform, protecting members' rights and raising compliance.
A digital register of members and their shares with an electronic membership certificate, plus joining, leaving and share-transfer requests.
Inviting members by text message, calculating the quorum, electronic voting and preparing the minutes.
Appointing the board before its term ends, and managing its meetings and digital minutes.
Calculating each member's share of the surplus after statutory deductions, and publishing financial statements to members on time.
The most comprehensive. The easiest. Fully automated.
Handling heirs' cases by having the heir replace the member or refunding the value of the member's shares, in line with the law and the society's bylaws.
Amending the society's bylaws to comply with the new Cooperatives Law, and having them approved by the general assembly within the statutory period.
Publishing financial statements to members on time and keeping their record, ensuring the regularity the law requires.
Text messages to members with invitations, resolutions and announcements, with documented notification to support compliance.
An electronic certificate for every member showing their number of shares, updated with every change in the register.
Automatic calculation of the general assembly quorum, and electronic voting with instant results.
An alert before the board's term ends, and appointing the new board before it does.
Joining, leaving and share-transfer requests reach the board for electronic approval.
Grantable permissions for board members and the society's executive management.
Minutes, resolutions and bylaws kept in one place with set permissions.
Hefth adheres to all regulations of the National Cybersecurity Authority through a specialized team able to provide professional technical support to clients.
Hefth has a dedicated support team for the platform's clients and users, available around the clock 24/7.
We adhere to a strict set of Saudi laws and government regulations to ensure the protection of all users.
A platform offering boards of cooperative societies fully automated services for managing the register of members and their shares, organizing the general assembly, appointing the board of directors and distributing surplus.
Yes. Hefth is a registered trademark of Exit Finance, licensed by the Saudi Ministry of Commerce to provide administrative services to companies.
Yes. The platform's services follow the new Cooperatives Law for the member register, the general assembly, appointing the board of directors and distributing surplus, and help societies align their bylaws with it.
Members are invited by text message, the quorum is calculated automatically, members vote electronically, and the minutes are prepared and kept in the society's archive.
The platform calculates each member's share of the surplus after statutory deductions, according to the general assembly's resolution.
The platform handles heirs' cases by having the heir replace the member or refunding the value of the member's shares, in line with the law and the society's bylaws.
Fees vary by service. You can see them on our Plans.
Keeping your data safe is a top priority. Our platform operates under the umbrella of the National Cybersecurity Authority and uses an SSL certificate. Data and information are stored across several servers within Saudi Arabia to keep information secure and prevent its loss.
If you have any question not answered here, do not hesitate to email us at Info@hefth.sa or reach us directly via WhatsApp. We are happy to help and support you.
