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Article (3)

Effective from Jan 31 2025 - Jan 30 2025
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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.