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SIMAH works in accordance with international best practices in credit reporting industry professionally and technically and that’s why Depth of Credit Information Index of World Bank reached 6-6.
SIMAH has a great task, which includes laying the foundations of protection grounds for the financial sector from various risks in a way that preserves the consumers’ rights stated in the Credit Information Law. SIMAH shall go ahead with its large and sophisticated facilities and equipment.
SIMAH’s SMEs project ( Taqeem) comes as an important step to help banks to finance SMEs based on clear methodological and scientific bases that take into account SMEs’ risks. It helps banks also diversifying their portfolios.
SIMAH was created to act as a data aggregator to provide comprehensive credit information to its members under supervision of SAMA. Acting as an official source of credit reports for companies and individuals alike, SIMAH works to remove uncertainty from credit transactions, thereby actively contributing to the soundness and stability of the financial sector.
We appreciate the efforts exerted by SIMAH to provide products and services needed by several government agencies related to investment and it affairs.
The joining of MODON to SIMAH is a step to develop and improve transparency level and credit culture in industrial sector which will be reflected positively on customers and the credit credibility of financial transactions in the Kingdom.
SIMAH plays a key role in enhancing the Saudi economy through transparency in the economy.
SIMAH’S experience in credit information reporting industry is pioneering experience and contributes to realizing financial integration.
The important role of efficient credit information systems and associated services in enhancing the effectiveness and soundness of the financial sector is deeply confirmed, as it does not only help improving risk management practices of banking institutions, but also facilitates access to credit to consumers and Small and Medium Enterprises (SMEs).
The agreement with SIMAH is one of main pillars of enforcement circuits in support of successful justice and successful financial investment. There is no success for financial sector except with fair justice that preserves adversaries’ rights to contribute with the rest of the government and civil agencies in growth and prosperity of economic system in the Kingdom.
Appreciate efforts exerted by SIMAH to preserve consumers’ rights and create an integrated and attractive investment environment to attract and develop investments
We aim , Through our membership in SIMAH, to raise the quality and reliability of NWC’S services by identifying consumers’ credit behaviors and evaluating the financial solvency on a sound, fair and neutral basis.
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