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November 16, 2023

Bilateral Agreement for the Exchange of Credit Information between Oman Credit Information Center (Mala’a) and the Kuwait Credit Information Network Company

Oman Credit and Financial Information Centre (Mala’a) has entered into a bilateral Agreement for the Exchange of Credit Information with its counterpart the Kuwait Credit Information Network Company (Ci-Net). This general objective of the agreement is to promote the facilitation of the exchange of credit-related information among Gulf Arab nations, aligning with the decision of the Gulf Cooperation Council’s Supreme Council, as declared during its thirty-seventh session in 2016. Under the terms of this agreement, both parties will share data and credit information to assist financial institutions in both countries in making well-informed credit decisions.

Bassam Al-Jamali, the General Manager of Mala’a, highlighted the significance of this agreement, stating: “We warmly welcome the signing of this agreement, as it will streamline the exchange of credit information between Oman and Kuwait. It will strengthen cooperation between the two nations, bolster the banking sector, and enhance the framework for managing credit and financial risks.” Aalya Bader Al-Humaidhi, Chairperson of the Board of Directors of Ci Net, echoed the positive impact of the agreement, saying, “We highly appreciate the support of the Central Bank of Kuwait, the Central Bank of Oman, and the Secretariat General of the Gulf Cooperation Council with regards to this exchange of credit information initiative and laying the regulatory framework that facilitated this agreement between Mala’a and Ci Net.”

It’s important to note that this agreement will play a pivotal role in fostering cooperation among Gulf countries in sharing credit information, supporting the banking sector at the council level, and refining the framework for credit and financial risk management. It will also lay the foundation for achieving shared objectives by enhancing the credit information industry across all Gulf Arab countries.

May 26, 2025

Mala’a Launches Employment Information Service (Huwiya Ratebi) to Enhance Lending Processes and Risk Assessment

In line with Oman’s vision for digital transformation, Mala’a is proud to announce the launch of its new Employment Information Service (Huwiya Ratebi), offering unparalleled value and exclusivity. As a separate addendum to the membership agreement, the innovative service is designed to empower financial institutions with accurate, real-time employment data to accelerate lending processes, reduce […]

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May 26, 2025

Oman Credit and Financial Information Center (Mala’a) is a partner in the launch of digital platforms for Remote Trading in the Omani capital market

As part of a national initiative to simplify and promote investment in the Omani capital market, and in collaboration with the Financial Services Authority (FSA), Muscat Stock Exchange (MSX), and Istidamah Program, Mala’a is proud to support the launch of four new Remote Trading Platforms for licensed brokerage firms. These platforms, owned by Ubhar Capital, […]

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February 19, 2025

Mashreq signs a membership Agreement with Mala’a

Mashreq, a leading financial institution in the MENA region, has officially entered into a membership agreement with Oman Credit and Financial Information Centre (Mala’a), under the foreign banks category. This agreement grants Mashreq access to a comprehensive database of credit and financial information, which will aid in making well-informed credit decisions, conducting financial capability assessments […]

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