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

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.

 

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

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