Doha 9 February 2025:

Qatar Credit Bureau and  General Retirement and Social Insurance Authority have announced the signing of a membership agreement for the exchange of credit data and information between the two entities. The agreement aligns with the Authority’s preparations to launch the Retirement loan services through local banks, contributing to enhancing the efficiency of financial operations and providing more flexible financing solutions for retirees.

This strategic agreement seeks to enhance cooperation between the two entities, and support the Authority in its various credit activities. It facilitates sound credit decision-making and contributes to the stability of the financial and social system in the State of Qatar.

The collaboration includes secure data exchange to  enhance service quality and promote financial inclusion by facilitating access to suitable credit products for the Authority and beneficiaries. Commenting on the importance of this agreement, Sheikha Maryam bint Khalifa Al Thani, CEO of Qatar Credit Bureau, stated that the Authority’s membership represents a strategic step that expands the Bureau’s database. She noted that the signing of this membership agreement is part of the Bureau’s commitment to strengthening partnerships with various entities across the country to achieve institutional integration among government entities.

His Excellency Ahmed bin Ali Al Hammadi, Director General of the General Authority for Retirement and Social Insurance, affirmed that signing this agreement is part of the Authority’s ongoing efforts to develop its services and provide the best solutions for retirees in Qatar. He noted that the agreement aims to enhance the accuracy of financial data provided to banking institutions, facilitating the financing procedures for retirees through local banks.