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The Saudi Export Development Authority has signed a partnership agreement with Bayan Credit Bureau Company in its headquarters in Riyadh, in the presence of the General Secretary of the Saudi Export Development Authority, Eng. Saleh Al-Solami, and the Executive Chairman of Bayan Credit Bureau Company, Mr. Ahmed Almajed, on Tuesday, 18 Rabi Al-Thani 1440 A.H, corresponding to, 25 December 2018.
This agreement between "SAUDI EXPORTS" and Bayan Credit Bureau Company aims to provide credit reports to help the Saudi exporter know the reliability of the importing companies. "Bayan" company is specialized in providing integrated commercial credit services for international companies, making it easier for Saudi companies to make business decisions through offering and sharing credit information in innovative ways and solutions, which will enhance confidence, transparency and increase the volume of exports. This agreement strengthens the efforts of "SAUDI EXPORTS" to support exporters and promote their products and services to expand in international markets, thus reflecting the Kingdom's Vision for 2030 and its objectives to raise the proportion of non-oil exports from 16% to 50% of the total value of the gross domestic product, in order to meet the aspirations of the wise leadership to diversify sources of income for the national economy.
Worthy of note "Bayan" company seeks to provide integrated credit solutions under a unified platform. The information provided by "Bayan" company is a certified and up-to-date data, as the database is updated periodically. The sources of information are not limited to only one authority but include several government agencies, local and international companies and banks with a view to the accuracy of information.
It is worth mentioning that "SAUDI EXPORTS" invests all its capabilities to improve the efficiency of the export environment, develop export capabilities, promote exporters and their products, promote Saudi products and increase their competitiveness to international markets, reflecting the prestige of the Saudi product, and to be a support for the national economy in a manner that achieves the goals of "SAUDI EXPORTS" and reflects the Vision of the Kingdom of 2030, and meets the aspirations of the enlightened leadership in order to diversify sources of income for the national economy.
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