ZAWYA-NEWS: Saudi’s Bidaya Finance renews $80mln loan facility with Al Jazira Bank

BJAZ

BJAZ

1020.SA

0.00

First published: 30-Jun-2026 10:03:53

Staff Writer

Saudi Arabia’s Bidaya Finance Company has renewed a 300-million-riyal ($80 million) shariah-compliant five-year loan facility with Al Jazira Bank.

The real estate financing firm said the facility will increase its sales volume through new originated loans to customers.

The Tadawul-listed company has provided a promissory note as a guarantee against the loan.

(Writing by Bindu Rai, editing by Seban Scaria)

bindu.rai@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.  

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.