SIMAH Business Credit Report is a report on payment history
related to credit agreements in the name of a business. It will
indicate if a business makes regular payments to debtors.
Defaults and decisions of the court of execution against that
business is also recorded.
A business credit report provides the following information on a
Accuracy of the profile: Ensure the data shown
in the business credit report is accurate and up-to-date.
Information seen by the lenders will decide the level and value
of credit which will be offered to the business —even minor
errors in the business profile can make it more difficult for
businesses to qualify for a loan.
Make Prompt Payments: The promptness with which
a company pays its bills is one of the driving factors that
impact business credit ratings. For maximum impact, pay invoices
ahead of the due date. The greater the number of days a company
pays sooner than terms the greater the impact it will have on
its business credit scores.
Not applying for new business credit cards or loans too
frequently resulting in numerous credit enquiries, which will
look bad on the report.
Keeping personal and business accounts separate - Using a
separate credit account for your business and personal expenses
is great for a number of reasons and can help build business
credit and developing a credit history with manageable debt is
If you are a business owner in KSA and wish to generate your
businesses credit report then as per the
credit information law http://www.sama.gov.sa/en-US/Laws/BankingRules/CreditInformationSystem.pdf
regulations you can generate the report by registering
online on the SIMAH website https://www.simah.com/
An official, certified credit certificate, the Certificate is
issued to members of the business sector to show their total
credit exposure to banking and non-banking sectors. This
Certificate is used as a requisite to securing a government
project or competing in a tender bid.
Business owners in KSA can generate their Certificate of Credit
Record Soundness by registering and paying on the SIMAH website
To generate Certificate of Credit Record Soundness click here:
You can raise a business dispute by visiting the below link:
Contact: email@example.com to
become a SIMAH member – you will require
the following documents to become a member:
SIMAH vast repository of credit information arguments and
benefits the credit underwriting and portfolio management
efforts. Members have access to consumer and company Credit
Information Reports, Credit Scores and a host of value added and
statistical tools that help them constantly monitor their
portfolio from acquisition to collections stage. This allows
members to increase their ability to identify lending
opportunities, mitigate risk and ensure business success and
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