SCCI discusses credit report and score for SME businesses

Sharjah24: The Sharjah Chamber of Commerce and Industry (SCCI), represented by “Tijarah 101”, in partnership with Al Etihad Credit Bureau (AECP), hosted a webinar to explore the importance of AECP credit reports and scores for SME businesses to discuss.
The webinar covered a variety of topics including the comprehensive credit protection solutions provided by Al Etihad Credit Bureau to help businesses better manage risk and make the right decisions when interacting with customers.

Mohammad Ahmed Amin Al Awadi, Director General of SCCI, Marwan Ahmed Lutfi, CEO of Al Etihad Credit Bureau, and Mona Omran Ali, Director of the Center for Small and Medium Enterprises (Tijarah 101) attended the virtual event. Also present were members of Tijarah and a number of entrepreneurs in the UAE.

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Discussions also covered how SMEs can regularly improve their working practices to meet the needs of different industries and why it is important for them to understand the obligations of financial institutions and the acceptance of their loan documentation. The online meeting also covered how SMEs can benefit from a wide range of benefits and opportunities offered by the AECP.

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Al Awadi stressed that the webinar is in line with the Chamber’s ongoing efforts to support Sharjah’s SMEs, which are seen as an important contributor to the national economy and one of the key pillars of the nation’s flexible, diverse and sustainable economic model .

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“The online event discussed a very important topic, namely the importance of the credit report and score for small and medium-sized businesses to foster the expertise of entrepreneurs and empower them to advance their projects in accordance with best practices,” he added .

Al Awadi said the chamber is committed to providing entrepreneurs with all forms of support, launching creative initiatives that advance the entrepreneurship sector and fulfill the aspirations of young people passionate about running businesses. The Chamber not only provides them with the information and skills needed to ensure the continuity of their initiatives, but also works side-by-side with entrepreneurs to support them and enable them to overcome any obstacles that may arise.

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For her part, Mona Omran Ali underlined the importance of the webinar and its role in guiding business owners on the right and scientific methods in their companies’ financial transactions.

She noted that Sharjah Chamber, represented by Tijara 101, will continue to organize courses and workshops in collaboration with strategic partners to support entrepreneurs in the face of rapid changes in the business world.

It is worth noting that the credit report is a collection of historical credit data from various financial institutions, utilities, government agencies, etc. about individuals and companies in the UAE.

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