Some people may find it difficult to pay off their debts and other financial obligations, and may end up being overwhelmed and unable to keep up with such commitments. This can lead to greater financial problems and deeper complications that extend to other aspects of their lives, such as losing their homes or facing lawsuits…. More »

A ‘Credit Report’ is a fully comprehensive and integrated report that contains all the details of your credit dealings with the various credit providers such as banks and credit card providers. SIMAH, the Saudi Credit Bureau, makes it possible for you to access your credit report. The Saudi Credit Bureau was established in 2002. Initially… More »

These days most of us use a multiplicity of traditional and electronic channels to access our money, make banking transactions and use financial services and products. Financial fraud has increased rapidly in number and sophistication of techniques and methods used by fraudsters. Their main goal is to deceive individuals in order to illegally obtain their… More »

There is a relative similarity between various bank cards in terms of look, purpose, and the form of information available on the card, such as the 16-digit card number, expiry date, Card Verification Value (CVV) at the back, payment network logos, etc. However, each of these cards has certain characteristics that affect the client’s financial… More »

The Saudi Central Bank (SAMA) has taken many measures to protect citizens and residents from the risks of dealing with and investing in unlicensed financial institutions in the Kingdom. These institutions seek to infiltrate the local market by masquerading as legitimate financial institutions under various names, such as financing entities, financial intermediaries and brokers or… More »