Book traversal links for Article (3)
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. |