Article 10 of the Saudi Credit Information Law

This article places two duties of retention on credit information companies, and refers the details to the Regulations:

1. Keeping credit information held by the company.
2. Preparing a record of requests: the company must prepare a record containing all requests for consumers' credit records, and keep it. Its importance is that it documents every request to see a consumer's record.
3. Retention period: the Law itself does not set the retention period; it provides that the Implementing Regulations set the retention period and its controls, and how the information is to be dealt with after this period ends.

So the common question of how many years information stays in the record is not answered by this article, but by the Implementing Regulations.

This article is linked to Article 9, which gives the consumer the right to complain if he notices that his record was requested for an unlawful reason; the record of requests that the company keeps shows the requests made on the consumer's record. It is followed by Article 11, which gives the Institution the task of supervising and overseeing the application of the Law, including setting the procedures to be taken regarding credit information when a company's license is cancelled or the company is dissolved, liquidated or goes bankrupt.