Muscat – Oman Credit and Financial Information Centre (Mala’a) won the Global Business Outlook Award for the ‘Fastest Growing Consumer & Commercial Credit Information Reporting in the GCC’ for the year 2021.

The achievement is a testament for Mala’a’s efforts in developing the credit system in the sultanate since its inception in 2019 with the support of its data providers (Royal Oman Police, and Ministry of Commerce, Industry and Investment Promotion) as well as its member banks, FLCs and SME Funds, according to a press release.

Mala’a, under the supervision of Central Bank of Oman, represents a National Data Bank for credit and financial information. The center provides Credit Reports and the Mala’a Credit Score for individuals and corporates. The membership of the centre spans across the banking and financial sectors, with the addition of the SME Funds recently. The centre aims to add new sectors under its membership in the upcoming phase such as telecom and insurance. It also aims to grow connections with several data providers from the government sector.

Bassam al Jamali, Mala’a general manger, said, “Mala’a winning this award is the result of the dedicated efforts carried out by the Mala’a team to position Mala’a as a National Data Bank providing credit and financial information. We are proud of this recognition that adds up to Mala’a’s achievements, and we look forward to more in the future. I would also like to thank the Central Bank of Oman and its board of governors for their continuous support.”