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Effective from Jan 31 2025 - Nov 04 2011
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Founders of the company willing to offer credit information services must complete the licensing application form and submit it along with the following:

	1.	a statement of the founders' names, addresses, and percentage in share capital of each founding shareholder;
	2.	company's Articles of Incorporation and By-Laws;
	3.	a bank certificate from a licensed bank in Saudi Arabia attesting that the paid-up capital has been placed in full;
	4.	a copy of the national I.D. or commercial registration of the founding shareholders;
	5.	description of the computer system that will be used to collect and store credit information of consumers, including system features and capabilities;
	6.	an economic feasibility study;
	7.	the company's business plan for the first 3 years since its incorporation, including the nature of works it intends to offer, future expansion plans, projected financial statements, estimated growth rates, annual costs based its expected growth rates, anticipated number of staff, corporate governance, internal controls to be implemented by the company, and any other information that may be required by SAMA;
	8.	company's organization structure;
	9.	a fee of SR 50,000 for reviewing the licensing application; and
	10.	a declaration not to conduct any business other than those stated in the company's articles of association, unless after obtaining SAMA’s approval.

Soft Launch