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FAQs

Answers to your Questions/Concerns

Most common question about our services

What is the Consultation product for contractors and engineers?

The Consulting product for contractors and engineers allows you to check your credit status (before or after applying for a classification certificate on the Baladi platform). You will be able to identify your weak points and improve them, which will also contribute to knowing the average basic financial ratio of the sector under study and the related recommendations.

What is the expected time to finalize the consultation after payment?

Within three business days after paying the invoice.

How do I upload financial statements and complete my request on the Baladi platform?

Financial statements are uploaded through a certified accountant after reviewing them and are uploaded to the Saudi Business Center, and after the Saudi Business Center approves, you can complete the request through the Baladi platform.

What is the expected time to finalize the credit classification after submission on the Baladi platform?

Five business days from the date of payment of the invoice.

What is Bayan Credit Bureau?

Bayan Credit Bureau is the first licensed credit bureau by SAMA license number 1/37 and was founded in 2015 with a capital of 100 million Saudi Riyals and is based in Riyadh, Saudi Arabia.

 

Bayan provides credit, financial and trade intelligence solutions for your company so you can confidently and prudently make informed decisions while simultaneously strengthening the performance of your credit relationships. Bayan’s products and services provide you with the latest commercial, credit and financial information of your clients, suppliers and other third parties based on official sources. In addition, Bayan’s analytical tools improve your company’s credit performance and profile relative to its peers.

What role does Bayan play in improving the Saudi economy?

Bayan is the leading integrated trade, credit, and financial data provider in the Kingdom that aims to improve the SME’s level of participation in the economy through facilitating greater access to capital.

How much does it cost to become Bayan’s member?

Please contact us for more details.

What is Bayan Credit Report?

Bayan Credit Report is a comprehensive credit report with information on a company’s registration and identity details, management and shareholders, financial statements, trade payment behavior, banking and FI credit/loan information and past payment behavior.

Who can benefit from Bayan Credit Reports?

To access Bayan Credit Reports, you must be a licensed business entity with a valid Saudi Commercial Registration status, or a Saudi government entity.

What are the benefits of sharing my information with Bayan?

Becoming a part of Bayan’s network of data providers assists with greater data sharing and transparency within the Kingdom while at the same time opening a range of possibilities through benefitting from our solutions and services.

How does a good payment history help my status?

A good payment history with your trade suppliers and lenders will reflect positively in your credit report which will increase your chances to obtain more trading and banking credit.

How can I apply for the consultation?

To apply for consultation product, please follow the following steps (Enter the Bayan website > login for non-members > create an account > login > enter the contractor consulting service) After entering the service, fill in the fields and send the request and you will be notified of the value of the consultation after reviewing it.

To apply click here.

How can I apply for a credit and financial rating certificate?

Enter the Ministry of Municipal and Rural Affairs website (Baladi platform) and fill in all the required fields to complete the application. Once the application is completed, it will be sent to Bayan Credit Information Company to complete the rating process.

I can't pay the invoice through Sadad, I get an error when trying

Please follow the following steps to pay the invoice:

  • Go to Payments - then pay an invoice for one time.
  • Choose Bayan Credit Information Company or enter the code "189".
  • Enter the commercial register number/or invoice number.
  • Pay the invoice.
In the case of a new credit classification, is the old credit classification taken into account? ;

No, each request is dealt with independently

Who owns Bayan Credit Bureau?

Bayan Credit Bureau is a closed joint stock company owned by THIQAH Business Services Company, Takamol Holding Company, Bank Al Bilad, Alinma Bank and Gulf International Bank.

How to obtain Bayan’s solutions?

Please fill out the online form and provide us with the required documents in order to complete your membership process and gain access to our diverse range of solutions. Once you submit the application, we will review your information and contact you. Your login credentials will be sent to your registered email once the registration process is completed.

Where does Bayan get their data from?

Bayan acts as a central data-hub for various data sources collected from the following sources:

  • Ministry of Commerce and Investment
  • Ministry of Human Resources and Social Development
  • Government Entities
  • Banks
  • Financial Institutions
  • Saudi companies
Why are Credit Reports so important?

Credit Reports helps companies to manage their credit and operating risk through gaining a better and comprehensive understanding of their suppliers, customers and other third parties.

hat services are offered by Bayan?

Bayan offers a variety of offerings which are described in Our Solutions section

Why should I become Bayan’s member?

Some of the benefits of our membership include:

  • Obtain credit reports as part of your internal credit risk assessment of your suppliers and/or customers
  • Easier access to bank financing and commercial credit
  • On-demand access to the industry and company level financial information for your financial research and due diligence requirements
  • Ease of access to credit reports of international companies
  • Manage credit risk and determine credit limits for customers
Can I enquire about international companies?

Yes, it is possible to enquire about international companies through Bayan Global Reports.