By Gavin Gibbon
FAB Properties becomes the first real estate company in Abu Dhabi to subscribe to Al Etihad Credit Bureau
FAB Properties has become the first real estate company in Abu Dhabi to subscribe to Al Etihad Credit Bureau.
The service uses a range of credit reports and scores to help real estate companies in assessing the risks associated with tenant applications and renewals.
Jasim Al Ali, CEO of FAB Properties, said: “FAB Properties’ adoption of Al Etihad Credit Bureau’s services showcases our commitment to incorporate international best practices in our operations and will bring significant advantages to both FAB Properties and our tenants when managing risks in application and renewal processes.”
AECB collects data from banks, finance companies and telecommunication companies, among others, to produce reports, scores and indicators which are made available to individuals and companies in the UAE.
Marwan Ahmed Lutfi, CEO of AECB, said: "Our data insights on individual and company payment behaviour is applicable to any industry that provides products or services against a promise to pay in the future. We are, hence, delighted to have FAB Properties instil an improved risk management approach towards tenants by using Al Etihad Credit bureau products and services in line with international best practice in developed markets.”For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.