During a workshop held yesterday in the Asharqia Chamber
Specialists emphasize the importance of credit information in support of business
Bayan Credit Information officials explained that there is added value achieved by the company's products provided to the private sector, as it provides an information service that helps companies to perform their business, especially in the financial aspects, which is reflected in the level of trust in the Saudi market and the level of companies' relationship with their counterparts abroad.
They said during a workshop organized by the Asharqia Chamber yesterday, Thursday 12/12/2019 at its headquarters in Dammam, under the title: Services provided by Bayan Credit Company, that the company that was established in 2015 achieved qualitative leaps in providing information about companies provided from their original sources such as the ministries of Labor and Social Development And financial, trade and investment, are not limited to financial statements only, but the banking transactions of each company, employment, and the level of transactions with other companies, as the company has more than 140 thousand audited financial statements, enable financial analysts to compare between companies.
The company's business development director, Abdul-Rahman bin Musaed Al-Anqari, said that the information services provided by the company do not depend on the local scale, but rather go beyond that to the external domain, as it provides the service to the beneficiaries and subscribers, and gives them an opportunity to see information about companies at the world level, so the decisions of dealing and commercial dealing With these entities it is straightforward, due to the availability of information, as the company has information about more than 200 million companies registered around the world, obtained from official sources.
In this part, Talal Al-Shehri (Director of the Business Development Department) described the tenders that the company provides as support and enhance confidence in the local commercial activity, that is, between companies and factories inside the Kingdom, or with entities outside the Kingdom, the information gives the opportunity to make the right decision, so it reduces the risk in Business, and work safely with other parties.
Al-Shehri stressed that registration in the company is free of charge (for each commercial registry holder), and obtaining the information is done with the approval of the entity to be recognized, and obtaining its information, while it does not require any approvals if the required information is about any activity in any economic sector.
A member of the Board of Directors of the Asharqia Chamber and Chairman of the Logistics Committee Bandar bin Rafie Al Jabri had managed the dialogues of the meeting, and he praised the efforts undertaken by the company to serve the various private sectors, explaining that the Asharqia Chamber is hosting such events as its goal is to supply local markets with more confidence in transactions, and limit Of the negative phenomena, we find that a credit company is one of the companies that supports such an approach.
