Sharing Credit Information With Bayan Credit Bureau

In the Name of Allah, the Most Gracious, the Most Merciful

Saudi Central Bank Headquarters

Office of the Deputy Governor for Supervision

Reference No.: .................................... Attachments: None

Circular

Reference No.: 41059236 Date: 1441/10/11 Attachments: None

To the Esteemed,

Peace, mercy, and blessings of Allah be upon you,

Subject: Sharing Credit Information With Bayan Credit Bureau.

Based on the Credit Information System issued by Royal Decree No. (M/37) dated 1429/7/5 AH, and its Executive Regulations issued by the Governor's Decision No. (A.Q./13709) dated 1432/9/22 AH, and in continuation of the Authority's instructions issued under Circular No. 381000058506 dated 1438/6/1 AH, and Circular No. 38477/67 dated 1440/6/20 AH.

In the Authority's efforts to support the commercial sector in general and enhance the quality of credit information related specifically to the small and medium-sized enterprises (SMEs) sector, thereby strengthening transparency levels and assisting in assessing the volume of financial obligations and creditworthiness of companies operating in this sector, while increasing risk management effectiveness across all financial institutions through complete credit information and the emergence of high-quality consumer credit reports.

The Authority urges banks, commercial banks, financing companies, and insurance sector companies operating in the Kingdom to conclude membership agreements with Bayan Credit Bureau Company, and to share credit information with the company in accordance with the Credit Information System, its Executive Regulations, and the membership agreements with the company.

Yours sincerely,

Fahd bin Ibrahim Al-Shathri Deputy Governor for Supervision

Distribution Scope:

• Banks and commercial banks operating in the Kingdom.
• Financing companies operating in the Kingdom.
• Companies operating in the insurance sector in the Kingdom.

P.O. Box 2992, Riyadh 11169, Tel: 4662300 - Fax: 4662543