Credit Information Law

Release Date:	1429-07-05
Release Tool:	Royal Decree
Issuance Instrument Number:	m/37
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The text pertains to the Decision of the Council of Ministers of Saudi Arabia No. 188 issued on 4/7/1429 AH, which approves the Credit Information Law. The decision grants companies and relevant entities a two-year period to rectify their situations in accordance with the new law, and includes a royal decree endorsing the law. The law aims to regulate the exchange of credit information and improve the management of consumers' financial data, while defining the role of licensed companies in colle...

Release Date:

1429-07-05

Release Tool:

Royal Decree

Issuance Instrument Number:

m/37

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The text pertains to the Decision of the Council of Ministers of Saudi Arabia No. 188 issued on 4/7/1429 AH, which approves the Credit Information Law. The decision grants companies and relevant entities a two-year period to rectify their situations in accordance with the new law, and includes a royal decree endorsing the law. The law aims to regulate the exchange of credit information and improve the management of consumers' financial data, while defining the role of licensed companies in colle...