FAB Properties to use AECB credit reports to assess tenants’ ability to pay
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Al Etihad Credit Bureau collects information from multiple entities including banks, finance companies and telecommunication companies to produce reports, scores and indicators which are made available to individuals and companies in the UAE.
MONDAY 18, NOVEMBER 2019
FAB Properties has partnered with Al Etihad Credit Bureau (AECB) to use the company’s credit reports and credit scores in tenant application and renewal assessment, becoming the first real estate company in Abu Dhabi to subscribe to AECB services.
Jasim Al Ali, CEO of FAB Properties, said that FAB Properties’ adoption of Al Etihad Credit Bureau’s services will bring significant advantages to both FAB Properties and its tenants when managing risks in application and renewal processes.
FAB Properties stated that AECB provides a range of credit and behavioural scores and indicators that will assist real estate companies in assessing the risk associated with tenants fulfilling their payment obligations.
“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,” said Marwan Ahmed Lutfi, the CEO of AECB.
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.