Al Etihad Credit Bureau adds Etihad Water & Electricity company outstanding bills in its Credit Reports

Al Etihad Credit Bureau adds Etihad Water & Electricity company outstanding bills in its Credit Reports

Dubai, UAE: Al Etihad Credit Bureau (AECB) successfully added key utility billing data from all the Emirates covered by Etihad Water and Electricity (EtihadWE), including Ajman, Umm Al Quwain, Fujairah and Ras Al Khaimah, as part of the alternative data used in the credit reports of individuals and companies.

Etihad Water and Electricity Company is one of the most active utility providers in the UAE in terms of outreach. To date, the world-class electricity and water services provider holds more than 410,000 active contracts, altogether covering over 280,000 individuals and companies. AECB has recently added payment obligations of EtihadWE issued utility billing and customer data, thereby reaffirming its role in expanding its credit register with existing payment obligations from non-financial sectors to benefit all users of Credit Reports in the country. The latter reinforces AECB’s commitment to support the stability of the UAE’s credit marketplace by increasing the comprehensiveness of credit reports, which in turn helps users to make informed decisions.

Marwan Ahmad Lutfi, CEO of AECB, said, "Our cooperation with Etihad Water and Electricity falls in line with AECB’s ambitions to broaden access to AECB products, allowing more individuals and companies to add to their credit history using alternative data. In