Based on The Credit Information System issued by Royal Decree No. (M/37) dated 05/07/1429 AH,  and Its executive regulations issued by the decision of His Excellency the Governor No. (AQ/13709) dated 22/9/1432 AH,  in addition to the instructions issued by the Central Bank under Circular No. 381000058506 dated /1/6/1438 AH, Circular No. 67/38477 dated 20/6/1440 AH.

In an effort by the Central Bank to support the commercial sector in general and to improve the quality of credit information related to the small and medium enterprises (SMEs) sector in particular, aiming to enhance transparency levels and assist in estimating the financial commitments and creditworthiness of companies operating in this sector, and to increase the effectiveness of risk management across all financial institutions through the completeness of credit information and the emergence of comprehensive and high-quality credit reports for consumers.

The central bank encourages banks, financial institutions, financing companies, and companies operating in the insurance sector within the Kingdom to enter into membership agreements with Bayan Credit Bureau and to share credit information with the company in accordance with The credit information system and Its executive regulations and membership agreements with the company.