Bahri to make business decisions by assessing the creditworthiness of its potential clients
Bahri has signed a membership agreement with Bayan Credit Bureau (Bayan), a leading Credit Bureau that provides local and global credit reports for more than 180 countries.
The partnership will now enable Bahri to avail of the wide range of credit advisory services offered by Bayan and empower the regional logistics leader to make informed and responsible business decisions by assessing the creditworthiness of its potential clients.
The agreement was signed in the presence of Eng. Ahmed Ali Alsubaey, CEO, Bahri CEO, and Eng. Mohammad Bamogaddam, CEO, Bayan. The agreement was signed by Abdulaziz Aloud, Acting Chief Financial Officer, Bahri, and Talal Fahad Alshehri, Chief Business Officer, Bayan, at the Bahri headquarters in Riyadh, Saudi Arabia.
Under the terms of the membership agreement, Bahri is also committed to exchanging its credit information in line with Bayan Credit Bureau’s plan and objectives of providing services and products that help create an attractive investment environment amid a clear data-sharing Process and in adherence to the regulations and restrictions stipulated by the credit information law.
Bayan is a leading company specialized in credit reporting, due diligence reports, data analysis, and providing risk assessment solutions and credit consultations. It operates under a license from the Saudi Central Bank (SAMA), according to a corporate press release.