Referring to the Credit Information Law issued by Royal Decree No. (M/37) dated 05/7/1429 H and the implementing regulations issued by the decision of His Excellency the Governor No. (A Q/13709) dated 22/9/1432 H through which the general principles and necessary regulations for gathering, exchanging, and protecting credit information about consumers have been established, through companies licensed by SAMA.

Therefore, SAMA emphasizes that the collection, exchange, and protection of consumer credit information is subject to Credit Information Law and its Implementing Regulations The aforementioned entities should be aware that any arrangements or agreements for the exchange of credit information outside the scope of companies licensed by SAMA are considered violations for the Law and for its implementing regulations that requires punishment.

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