BENEFIT signs bilateral agreement with the Oman Credit and Financial Information Center

BENEFIT signs bilateral agreement with the Oman Credit and Financial Information Center

In an effort to enhance the frameworks of mutual cooperation between the Gulf countries, BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, signs a bilateral agreement with the Oman Credit and Financial Information Center (Mala'a).

BENEFIT has signed a bilateral agreement to exchange credit information between Bahrain Credit Reference Bureau (BCRB), operated by the BENEFIT Company, with the Oman Credit and Financial Information Center (Mala'a) in the capital Muscat. The agreement was represented by Abdulwahed AlJanahi, the CE of BENEFIT and Bassam Al-Jamali, General Manager of Mala'a Center. This agreement is an extension of the strategic scheme to further connect the GCC countries, which previously saw similar agreements signed with the Kingdom of Saudi Arabia and the state of Kuwait. It entails the exchange of corporate credit information between the two entities which will then be made available digitally for all members.

On his part, Abdulwahed AlJanahi expressed his delight in finalizing the agreement with the Mala'a, he said: “I am very thrilled to be announcing that we have signed a bilateral agreement with Mala'a. This move will benefit not only Bahrain and the Sultanate of Oman, as its effects will ripple across the whole GCC.