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Bidaya Finance Gets SAR 100M from REDF to Boost Sales Volume
Bidaya Finance signed a SAR 100M shariah-compliant Murabaha with Saudi REDF to expand sales volume over two years, it said in a Tadawul statement.
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Bidaya Finance Co. signed a shariah-compliant Murabaha financing facility worth SAR 100 million with the Real Estate Development Fund (REDF). The company will use the proceeds to expand its sales volume, it said in a statement to Tadawul.
The facility carries a two-year tenor. Bidaya Finance, a Saudi-listed provider of real estate financing, did not disclose the margin or other terms.
REDF is a government fund that supports housing and real estate development in the kingdom. The agreement adds to Bidaya Finance's existing funding lines and comes as the company looks to grow its financing portfolio.
How this story was producedLast reviewed Jul 5, 2026
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.
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