My Life in Saudi

  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...

 Saudi Arabia is undergoing a massive digital transformation in line with Vision 2030 . One of the major reforms has been the introduction of electronic invoicing (e‑invoicing) by the Zakat, Tax and Customs Authority (ZATCA) . This change affects businesses, freelancers, and even some expats who may not realize how connected it is to daily life. Whether you’re running a company, working as a consultant, or simply buying goods and services, ZATCA’s e‑invoicing system impacts you . In this guide, we’ll explain what e‑invoicing is, why it was introduced, how it works, and what it means for residents and expatriates in Saudi Arabia. 📌 What is E‑Invoicing in Saudi Arabia? E‑invoicing is the process of generating and storing invoices electronically, rather than on paper. It ensures all transactions are digital, secure, and compliant with ZATCA’s tax requirements. Saudi Arabia’s e‑invoicing initiative was launched on December 4, 2021 and is being implemented in two phases: Ph...