In a strategic step to implement the decision of the Supreme Council of the Gulf Cooperation Council (GCC) regarding enhanced financial and credit integration among member states, the Kuwait Credit Information Network Company (CiNet) has launched data exchange operations with the Oman Credit and Financial Information Center (Mala’a).

The launch ceremony was held at CI-Net’s headquarters in Kuwait, attended by senior management representatives from both entities.

This collaboration marks a pivotal step toward establishing a unified GCC framework for credit information exchange. The partnership provides a secure and structured mechanism enabling financial institutions in Kuwait and Oman to access real-time credit data, enhancing lending decisions, reducing risk, and promoting regional financial stability.

It also aligns with recommendations from the GCC’s Financial and Economic Cooperation Committee and banking supervision standards.

Furthermore, this initiative supports knowledge sharing and the implementation of best practices in credit information services. Both parties are working on developing innovative solutions in data analytics and service excellence, adhering to high professional standards, regulatory compliance, and the latest cybersecurity protocols.

Commenting on the launch, CiNet CEO Mai Al-Owaish stated:"This integration broadens access to accurate and reliable data, enhancing the quality of credit decisions, mitigating risk, and contributing to a more integrated regional credit system."

Munahel Jaafar, Acting Director General of Mala’a, added: "This partnership marks a significant milestone in GCC financial integration and reflects our commitment at Mala’a to promoting transparency and expanding access to reliable credit information."