Saudi Arabia, Bahrain sign deal to exchange credit information

Riyadh, Oct 6 (Arab News): The Saudi Credit Bureau (Simah) and the Bahrain Credit Reference Bureau (Benefit) have signed an agreement to share credit information. It is the first cross-border exchange of its kind in the Middle East and North Africa region.

“The exchange of credit information between the two countries aims to address and reduce credit risks and provide new tools that will enable financiers, and all related stakeholders, to extrapolate financial behaviors and make sound financial decisions,” said Suwaid Al-Zahrani, CEO of Simah.