Regulatory Alerts2025-10-15
Sharing Residential Real Estate Finance Data with the Saudi Credit Bureau (SIMAH)
The Saudi Central Bank (SAMA) mandates all domestic banks, real estate finance companies, and credit information providers to share individuals' residential mortgage data with the Saudi Credit Bureau (SIMAH), effective immediately. This circular, grounded in multiple Royal Decree laws and the Personal Data Protection Law, requires entities to adhere to forthcoming SAMA guidelines to strengthen financial sector integration, enhance transparency, and mitigate credit risks. Compliance is enforced across all operating financing institutions to ensure standardized data reporting and accurate credit rating assessments.
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