In brief
Governs collecting, keeping and sharing credit information on consumers and businesses through credit bureaus, the data subject's right to access and correction, and violations.
Summary of the law
Key points
- Data subjects may see their credit record and ask for errors to be corrected; check yours before applying for finance.
- Violations are fined up to SAR 1 million, the maximum doubling on repetition (Article 13), and are heard by a committee formed by the Minister of Finance (Article 14).
A plain-language summary prepared by Al-Bayan Al-Wadih Law Firm, focused on the violations and problems that come up most in daily life. It is not a substitute for the official text or for legal advice.
What it covers
- Credit bureaus
- Data subjects' rights
- Penalties
Timeline
- Issued: Royal Decree M/37 · 5/7/1429H
Full record of amendments and regulations at the official source
Official text at the Bureau of Experts
The authoritative text is in Arabic; the Bureau of Experts publishes English translations for some laws.
Full official text
The full official text is in Arabic and is reproduced on the Arabic version of this page, as published by the Bureau of Experts at the Council of Ministers. Read the full Arabic text
Library content is simplified general information for awareness only. It is not legal advice and does not replace the official text. Laws change: always check the official source and consult a lawyer before acting. Library data last reviewed: .