AI Summary
Logo of Bidaya Finance Co.
Impact Capital Co. (Impact46), acting as joint financial advisor and joint lead manager, together with Merchants Capital, acting as lead financial advisor and joint lead manager, announced the start of the offering period and subscription for Bidaya Finance Co.’s sukuk to individual and corporate investors.
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Offering Details |
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Type of Sukuk |
Senior, unsecured |
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Structure |
Mudarabah/Murabaha |
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Currency |
SAR |
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Issuer Rating |
Fitch Ratings: (BBB-) on the national scale |
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Offering Type |
Public offering |
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Tradability |
Listed and tradable on the Sukuk and Bonds Market (Tadawul) |
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Target Investors |
Individuals and corporates |
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Expected Issue Size |
SAR 200 million; final volume to be determined after the offering closes |
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Annual Return |
7.1% (after Zakat), paid quarterly |
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Tenor |
3 years; the company may not redeem the sukuk before maturity |
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Redemption Terms |
Sukuk will be redeemed at 100% of the total nominal value at maturity |
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Nominal Value per Sukuk |
SAR 1,000 |
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Offering Price per Sukuk |
SAR 1,000 |
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Minimum Subscription |
5 sukuk, with a nominal value of SAR 5,000 |
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Offering Start Date |
March 8, 2026 |
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Offering End Date |
March 10, 2026 |
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Lead Managers & Financial Advisors |
Impact46 and Merchants Capital |
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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 |
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