Oman Credit and Financial Information Centre and BENEFIT Bahrain sign bilateral agreement

Oman Credit and Financial Information Centre and BENEFIT Bahrain sign bilateral agreement

Muscat: Oman Credit and Financial Information Centre (Mala'a) signs a bilateral agreement with BENEFIT, BAHRAIN CREDIT REFERENCE BUREAU, which falls under efforts aimed at enhancing frameworks of mutual cooperation among the Gulf Arab countries. The agreement was signed by Mala'a's general manager, Bassam Al-Jamali, and Abdulwahed Al-Janahi, the CE of BENEFIT. Signing this agreement highlights the strategic cooperation of exchanging credit information between the Gulf countries. This is in line with Supreme Council of the Gulf Cooperation Council's decision issued at the Council's meeting in its thirty-seventh annual session in 2016. Abdulwahed Al-Janahi, CE of BENEFIT Bassam Al-Jamali announced "We are pleased to sign this bilateral agreement between Mala'a and Benefit. This agreement aims to support exchange of credit and financial information enhancing cooperation between both entities, and exchange expertise between the centre and its counterparts in the GCC countries. Additionally, it aims to support the banking sector across the GCC countries, improve frameworks for credit and financial risk management, and facilitate the exchange of credit and information data for both natural and legal persons to verify their creditworthiness." On the other hand, Abdulwahed Al Janahi expressed his delight in finalizing the agreement with Mala'a, saying: "I am very thrilled