Gulf International Bank (GIB) is pleased to announce the signing of a membership agreement with Bayan Credit Bureau (BCB) to share credit information services with a view toward assessing customers’ credit solvency, compiling local and international credit reports, and providing various other credit advisory services. The agreement was signed by GIB Chief Executive Officer Mr. Abdulaziz A. Al-Helaissi and BCB Chief Executive Officer Mr Mohammad Al Yousef at GIB office in Riyadh. GIB CEO, Al Helaissi said: “We are very pleased with our partnership with Bayan Credit Information Company and are planning on collaborating and sharing information and credit consultations in order to advance this sector in the Kingdom and serve more institutions Al Yousef also expressed delight at the signing of the agreement with GIB, saying it is in line with BCB’s plan and objectives of providing services and products that help create an attractive investment environment amid a clear data-sharing process. The collaboration will ensure good quality, confidentiality, and appropriate exchange mechanism. BCB is a Saudi joint-stock company licensed by the Saudi Arabian Monetary Authority with a capital of SR100 million. The integrated corporate credit service provider is owned by several public and private companies; namely, Thiqah Business Services, Takamol Holding, Alinma Bank, Al Bilad Bank, and GIB. It also has a strategic technology partnership with CRIF, a leading Italian international company operating in more than 50 countries. BCB collects, analyses, and provides credit, trade, and financial information to corporate clients in Saudi Arabia across various sectors like ICT, services, wholesale, and retail. It also offers credit advisory services and advanced smart solutions that enable its clients to manage credit relations and accompanying risks in a timely, efficient, and cost effective fashion. GIB is owned by the governments of the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the primary shareholder. GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond. This includes corporate banking, asset management, debt and equity capital market services, financial advisory services, mergers and acquisitions, and the world’s first Shariah compliant digital retail banking service, meem by GIB. In addition to its main subsidiaries, London-based GIB (UK) Ltd., and Riyadh-based GIB Capital LLC, GIB has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.