Almarai Company, the world’s largest vertically integrated dairy company and a leading food and beverage producer and distributor in the Middle East, has signed a membership agreement with the Saudi Credit Bureau (SIMAH). This move aims to enhance financial transparency and facilitate credit information exchange, supporting the stability of the financial sector and contributing to the objectives of Saudi Vision 2030.

Representing Almarai at the signing was Mr. Danko Maras, Chief Financial Officer, while Mr. Alaa Al-Mashhadi, Head of Business Development, represented 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 offers accurate and up-to-date credit information. This will enable the company to improve creditworthiness assessments of clients, make financially sound decisions backed by expert analytics, and support SMEs by facilitating their access to innovative credit products.
Mr. Danko Maras emphasized the significance of this step, stating:
“Our membership with SIMAH reflects Almarai’s commitment to contributing to a transparent and stable financial ecosystem. It aligns with our vision of strengthening food security and economic development, and supports Saudi Arabia’s efforts to diversify key sectors.”
On his part, Mr. Alaa Al-Mashhadi praised the partnership with Almarai, commenting:
“This collaboration will help improve the quality of credit data and empower the financial sector to play its key role in supporting economic activities, particularly in line with the strategic goals of Vision 2030.”
This agreement extends Almarai’s ongoing efforts to adopt innovative financial solutions and uphold its social responsibility, contributing to building strategic partnerships that support market stability and drive innovation.
Source: www.almarai.com