Etihad Water and Electricity Company has agreed with Al Etihad Credit Bureau (AECB) to include key utility billing data from all the Emirates covered by Etihad Water and Electricity (EtihadWE), including Ajman, Umm Al Quwain, Fujairah and Ras Al Khaimah, as part of the alternative data used in the credit reports of individuals and companies.
Etihad Water and Electricity Company is one of the most active utility providers in the UAE in terms of outreach. To date, the world-class electricity and water services provider holds more than 410,000 active contracts.
Mohamad Mohamad Saleh, Director General of Etihad Water and Electricity Company, said that this collaboration represents a contribution from EtihadWE in the efficiency will reflect positively on the strategic objectives and will serve as a whole in the interest of the national economy, as well as consolidating the UAE's position in the relevant international competitiveness indicators.
He Added that the collaboration is in line with transparency, which represents a core value of Etihad Water and Electricity, as well as with our policy aimed at developing a culture of data exchange and enhancing prospects for cooperation with our various partners, stressing that the data that will be made available through the collaboration is general data that is tradable with a commitment to protect the privacy of data and information worthy of maintaining its confidentiality in accordance with the terms of the contractual relationship with the customers of Etihad Water and Electricity.