On August 5, 2026, Bidaya Finance Company announced the renewal of a Shari'a-compliant credit facility agreement with Al Rajhi Bank, obtained on August 3, 2026. The facility amounts to SAR 750 million with a 5-year duration, secured by a promissory note and assignment of acceptable receivables proceeds. The purpose of the facility is to expand the company's sales volume by originating new loans to customers, in line with its strategy and future plans. The company confirms the agreement is conducted in the ordinary course of business under prevailing commercial terms with no preferential conditions.

Original announcement:

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