Bahrain-based Gulf International Bank (GIB), in which Saudi Arabia’s Public Investment Fund is the primary shareholder, has signed a membership agreement with Bayan Credit Bureau (BCB), it said in a statement on Sunday.
Under the deal, GIB will share credit information services with BCBC to assess customers' credit solvency, compile local and international credit reports, and provide other credit advisory services.
BCB is a Saudi joint-stock company licensed by the Saudi Arabian Monetary Authority (SAMA), which collects, analyses, and provides credit, trade, and financial information to corporate clients in Saudi Arabia across various sectors
The company is owned by several public and private firms such as Alinma Bank, Bank Albilad, Thiqah Business Services, Takamol Holding, and GIB.
Meanwhile, GIB is owned by the governments of the six GCC countries.
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