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Empowering the Saudi Financial Ecosystem Through Trusted National Initiatives

The national initiatives managed and operated by SIMAH reflect the trust it has earned over the years, along with its specialized expertise, advanced technological capabilities, and strong governance framework. SIMAH has been entrusted with these initiatives based on its national standing and proven ability to manage strategic programs with broad impact, contributing to greater integration across the financial ecosystem and supporting Saudi Arabia’s development ambitions with efficiency and reliability

National Data Pooling

The National Data Pooling NDP is one of SIMAH’s leading national initiatives, designed to support the financial sector and enable financing entities to adopt advanced credit risk measurement approaches in line with international standards and best practices.

The initiative was launched in response to Basel capital adequacy requirements, with the objective of providing a unified data platform that supports the calculation of Probability of Default (PD) and Loss Given Default (LGD) through the consolidation of credit and financial data across the sector.

The NDP enables financing entities to build more accurate and efficient risk models, enhance the quality of credit decisions, and improve reliability and transparency across the financial ecosystem.

 
 

Legal Entity Identifier - (LEI)

The Legal Entity Identifier (LEI) is a global standardized tool used to identify legal entities participating in financial transactions. It enhances transparency, supports efficient tracking and verification, and contributes to building a more connected and transparent financial environment. Through this service, SIMAH enables relevant entities to benefit from an international standard that allows legal entities to be identified accurately and consistently, enhancing data reliability and reducing ambiguity related to legal identities in transactions.

The importance of this service lies in supporting compliance, improving data quality, and connecting the local market with relevant international standards and practices. It also enables organizations to manage legal entity data more efficiently and supports disclosure and transparency requirements across financial markets, reinforcing SIMAH’s role as a key enabler of financial and information infrastructure

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SIMAH National Trade Repository (SNTR)

SIMAH National Trade Repository (SNTR) is a specialized national platform for the registration and reporting of over-the-counter derivative contracts. It enhances transparency, supports financial stability, and improves compliance with supervisory and regulatory requirements. The establishment of SNTR reflects SIMAH’s broader role in supporting the soundness of the financial system and strengthening the Kingdom’s financial information infrastructure.

SNTR aims to reduce systemic risk and improve the transparency of derivatives-related transactions by providing a centralized platform that operates in line with international standards and regulatory requirements. It enables relevant entities to manage risk, compliance, and disclosure more effectively, while enhancing the reliability of derivatives data and contributing to a more transparent, connected, and globally aligned financial market.

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Saudi Credit Information Company, SIMAH, a Closed Joint Stock Company, Capital 400,000,000 Paid in Full- C.R 1010171047- Membership No.115731- , Toll Free No. 8003010046 , Fax No. 966112188797+ P.O Box 8859 Riyadh 11492- National Address: Riyadh, Al Sahafah, Building No. 3196, Additional No. 6243, Zip Code 13321. Under the Supervision and Regulation of SAMA with a License No. 2 / 37. www.simah.com