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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

BIZARRE: Simah benefit launch credit information exchange project - You Need To See This

The project aims to enhance transparency in financial transactions

Saudi Arabia and Bahrain have launched the technical linking process of the credit information exchange project between banking institutions operating in the two countries.

The Bahrain Electronic Network for Financial Transactions (BENEFIT) and the Saudi Credit Bureau (SIMAH) revealed on Sunday that this step comes in implementation of the Gulf Cooperation Council’s Supreme Council decision issued at it 37th session in 2016.

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