Almarai Joins SIMAH to Strengthen Credit Information Exchange

Almarai Company, the world's largest vertically integrated dairy company and the leading food and beverage manufacturer and distributor in the Middle East, has signed a membership agreement with the Saudi Credit Bureau (SIMAH). This step aims to enhance financial transparency and the exchange of credit information, supporting the stability of the financial sector and contributing to the goals of Saudi Arabia's Vision 2030.
The agreement was signed by Mr. Danko Maras, Chief Financial Officer of Almarai, and Mr. Alaa Al-Mushhadi, Head of Business Development at SIMAH. This partnership aligns with Almarai's strategy to adopt best practices in credit risk management and foster collaboration with leading institutions to support economic growth.
Through this membership, Almarai will gain access to SIMAH's comprehensive database, which provides accurate and up-to-date credit information. This will enable the company to enhance its creditworthiness assessments, make data-driven financial decisions, and support SMEs by facilitating access to innovative credit products.
Mr. Danko Maras emphasized the importance of this step, stating:
"Joining SIMAH reflects Almarai's commitment to building a transparent and stable financial ecosystem, in line with our vision to enhance food security and economic development, and support the Kingdom's efforts in diversifying vital sectors."
Mr. Alaa Al-Mushhadi praised the partnership, noting that:
"This collaboration will help improve the quality of credit data and empower the financial sector to play its pivotal role in supporting economic activities, especially within the strategic framework of Vision 2030."
This agreement marks a continuation of Almarai's efforts to adopt innovative financial solutions and reinforce its social responsibility, by establishing strategic partnerships that promote market stability and drive innovation.