If you want to obtain a financial product such as personal finance, mortgage or other finance, you must figure out the amount of funding that is appropriate based on your financial needs and commitments. Therefore, you must apply for finance after carefully considering your ability to repay this amount in the future. Below, we have… More »

Bank accounts have become a necessity in the lives of individuals everywhere in the world. Not only do they allow us to manage our day-to-day financial affairs with simplicity and ease, but also come with a range of benefits that make them absolutely indispensable. So, if you are opening your first current account, or planning… More »

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 »

A study conducted by the Saudi Arabian Monetary Authority (SAMA) revealed that bank customers spent an estimated 12 to 15 million hours at bank branches every year to pay their bills, making it a heavy burden on both banks and customers. However, the situation has improved with the launch of the SADAD payment system, whereby… More »