Impact46 announces start of offering period for Bidaya Finance’s sukuk

Offering Details

Type of Sukuk

Senior, unsecured

Structure

Mudarabah/Murabaha

Currency

SAR

Issuer Rating

Fitch Ratings: (BBB-) on the national scale

Offering Type

Public offering

Tradability

Listed and tradable on the Sukuk and Bonds Market (Tadawul)

Target Investors

Individuals and corporates

Expected Issue Size

SAR 200 million; final volume to be determined after the offering closes

Annual Return

7.1% (after Zakat), paid quarterly

Tenor

3 years; the company may not redeem the sukuk before maturity

Redemption Terms

Sukuk will be redeemed at 100% of the total nominal value at maturity

Nominal Value per Sukuk

SAR 1,000

Offering Price per Sukuk

SAR 1,000

Minimum Subscription

5 sukuk, with a nominal value of SAR 5,000

Offering Start Date

March 8, 2026

Offering End Date

March 10, 2026

Lead Managers & Financial Advisors

Impact46 and Merchants Capital

Receiving Entities

SNB Capital – Al Rajhi Capital – AlJazira Capital – Yaqeen Capital – Alkhabeer Capital – Derayah Financial – BSF Capital – Alistithmar Capital – Albilad Capital – Sukuk Capital – Musharaka Capital – ANB Capital – Riyad Capital – Alinma Investment – EFG Hermes – SAB Invest – Arat Capital