Software · Saudi Arabia
Wafeq
Cloud accounting with ZATCA e-invoicing and project and cost-centre tracking
Market position
Wafeq is cloud accounting software from Wafeq FZ-LLC, a UAE company, sold in Saudi Arabia through an Arabic and English Saudi site with SAR prices and Saudi phone lines. It covers invoicing, ZATCA e-invoicing, inventory, payroll and 40+ financial reports, and tracks projects and cost centres as reporting dimensions. Wafeq says more than 18,000 companies use it.
Saudi Arabia-specific note
Wafeq says it is a ZATCA-compliant e-invoicing solution that supports Phase 2 and connects directly to ZATCA's Fatoora platform. Its Saudi plans are priced in SAR, and its developer documentation shows projects and cost centres that can filter the profit and loss report, which lets a contractor see profit by job.
Pros
- + Published SAR prices, monthly or yearly
- + Wafeq says it supports ZATCA Phase 2 and links directly to Fatoora
- + Projects and cost centres can filter the profit and loss report
- + 14-day free trial, no card required
Cons
- − Prices exclude VAT
- − Contract is with a UAE entity, with disputes in Dubai's DIFC Courts
- − Accounting software, not construction project management
- − Enterprise tier is quote-only and billed yearly
Typical Saudi Arabia pricing
Starter SAR 119/month, or SAR 1,190/year (SAR 99/month); Plus SAR 149/month, or SAR 1,430/year (SAR 119/month); Premium SAR 249/month, or SAR 2,390/year (SAR 199/month); Enterprise quote-based, yearly only. Add-ons from SAR 24/month. Prices exclude VAT. 14-day free trial, no card required.
Why this matters for Saudi Arabia trades
The Engineering Professions Practice Law requires Saudi Council of Engineers (SCE) accreditation before anyone practises engineering, with fines of up to SAR 1 million. Under the Contractor Classification Law, government bodies may not accept a bid for a project subject to classification unless the contractor is classified in its field, activity and grade; classification requests and building permits are filed on Balady, where permit plans are checked against the Saudi Building Code and latent defects insurance is a required document. ZATCA’s Phase 2 requires businesses called in by turnover wave to connect their invoicing software to the Fatoora platform (EY reports that Wave 25 reaches taxable turnover above SAR 187,500 and that businesses in it should prepare to comply with Phase 2 starting from 1 February 2027). Nitaqat places each entity in one of five Saudization ranges that decide access to services such as new expatriate visas and work permits, and Argaam reported in 2018 that firms must join the Saudi Contractors Authority before bidding for tenders.
Saudi construction and trades software selection is shaped by ZATCA’s mandatory e-invoicing regime (Phase 2 integration with the Fatoora platform, rolled out in turnover waves), contractor classification by the Ministry of Municipalities and Housing for public projects, building permits on Balady checked against the mandatory Saudi Building Code, Saudization ranges under Nitaqat tracked on Qiwa, and government tenders run on Etimad. Several vendors listed here offer Arabic and English interfaces, and some publish SAR prices.
Frequently asked
Is Wafeq a good fit for Saudi Arabia trades?
Wafeq is cloud accounting software from Wafeq FZ-LLC, a UAE company, sold in Saudi Arabia through an Arabic and English Saudi site with SAR prices and Saudi phone lines. It covers invoicing, ZATCA e-invoicing, inventory, payroll and 40+ financial reports, and tracks projects and cost centres as reporting dimensions. Wafeq says more than 18,000 companies use it. Wafeq says it is a ZATCA-compliant e-invoicing solution that supports Phase 2 and connects directly to ZATCA's Fatoora platform. Its Saudi plans are priced in SAR, and its developer documentation shows projects and cost centres that can filter the profit and loss report, which lets a contractor see profit by job.
What does Wafeq cost in Saudi Arabia?
Starter SAR 119/month, or SAR 1,190/year (SAR 99/month); Plus SAR 149/month, or SAR 1,430/year (SAR 119/month); Premium SAR 249/month, or SAR 2,390/year (SAR 199/month); Enterprise quote-based, yearly only. Add-ons from SAR 24/month. Prices exclude VAT. 14-day free trial, no card required. Pricing and availability can change by region; confirm current Saudi Arabia pricing on the vendor's site before committing.
Does Wafeq publish its prices?
Yes. Wafeq is Tier S in our Saudi Arabia directory, which means our check found its prices published on its own website (see the typical pricing above). The tier is not a quality ranking, so compare it against the alternatives for your trade and region.