Credit Score in Saudi Arabia – How It Works
In Saudi Arabia, financial responsibility goes beyond simply earning and spending money. Whether you’re applying for a loan, signing up for a credit card, renting an apartment, or even buying a car, your credit score plays a major role in determining your financial credibility. For expats and residents alike, understanding how the credit score system works in Saudi Arabia is essential. In this guide, we’ll break down what a credit score is, how it’s calculated, why it matters, and how you can improve it. 📌 What is a Credit Score? A credit score is a three‑digit number that reflects your financial behavior and creditworthiness. In Saudi Arabia, this score ranges between 300 and 850 . The score is managed by SIMAH (Saudi Credit Bureau) , which is the official credit bureau in the Kingdom. Banks, telecom companies, and financial institutions report customer data to SIMAH, which then updates your credit profile. In simple terms: A high credit score = reliable borrower wi...