The company licensed to provide credit information services shall:
1.
be a joint stock company with its head office in Saudi Arabia;
2.
have a paid up capital not be less than SR50 million;
3.
obtain SAMA approval on the Articles of Association and by-laws;
4.
obtain SAMA approval on the computer system used in provision of the credit information services;
5.
have competent human resources as well as sufficient financial and operational resources to provide services efficiently according to the Law and its Implementing Regulations; and
6.
comply with the instructions and business rules issued by SAMA.
