Riyadh, Saudi Arabia – The Capital Market Authority (CMA) has announced its approval of Bidaya Finance Company’s request to register and publicly offer debt instruments under a new issuance program with a total value of up to SAR 1 billion.
In its statement, the CMA confirmed that the prospectus will be published prior to the subscription period. The document will include all key information for potential investors, including the company’s financial statements, detailed business overview, management information, and the complete terms and conditions of the Sukuk issuance program.
Earlier this year, in April 2025, Bidaya Finance’s Board of Directors approved the authorization to issue and offer Sharia-compliant Sukuk worth up to SAR 1 billion. This program represents Bidaya Finance’s third Sukuk initiative, following two prior programs with a combined total value of SAR 1.5 billion. Of that amount, SAR 1.35 billion was successfully offered and fully repaid, with the final repayment completed in August 2023.
With this latest CMA approval, the total value of Bidaya Finance’s Sukuk programs now stands at SAR 2.5 billion, underscoring the company’s continued commitment to diversifying its funding sources and strengthening its financial position through Islamic capital market instruments.
Washington, November 19, 2025, SPA — His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, held expanded meetings today at the U.S. Capitol in Washington with Speaker of the U.S. House of Representatives Mike Johnson, as well as leaders and members of the House across various committees. House leaders affirmed their support for the historic relationship between the Kingdom of Saudi Arabia and the United States of America. During the meetings, HRH the Crown Prince discussed a range of important issues, including developments in regional and international affairs, in addition to areas of coop