Article 4 of the Saudi Credit Information Law

This article regulates the role of two main parties in the credit information system:

1. Government bodies that hold credit information must make it available to licensed companies, under controls those bodies set themselves, provided these controls ensure the information is not monopolized, that is, not reserved to one company to the exclusion of others.
2. Companies must collect credit information and make it available, exchange it among themselves and protect it.
3. Companies prepare credit records on consumers and exchange them with members when members request them.
4. Companies may charge a fee for making information available and exchanging it, under the controls set by the Implementing Regulations; the Law does not state the amount of this fee.

Companies here means licensed credit information companies, and members means the government or private bodies bound by a contract with at least one company, as defined in Article 1.

This article complements what Article 3 says about the Law applying to government and private bodies that hold credit information, and is followed by Article 5, which sets the members' obligations in exchanging information with the company they are bound to by contract.

These obligations are directed at bodies and companies; the consumer benefits from them in that his record is built on information collected from multiple, protected sources.