On July 5, 2026, Bidaya Finance Company announced the signing of a Shariah-compliant Murabaha facility agreement with the Real Estate Development Fund, with the funding obtained on July 1, 2026. The facility amounts to SAR 100 million over a 2-year term, secured by a promissory note and receivables pledged as collateral. The purpose of the facility is to expand the company's sales volume by originating new loans to customers, in line with its strategic growth 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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