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.
Riyadh, April 14, 2026, SPA — The Kingdom of Saudi Arabia has achieved a new global milestone by ranking first worldwide in the Digital Readiness Framework 2025 issued by the International Telecommunication Union (ITU). The Kingdom scored 94 out of 100 within the “Very High” category, advancing to first place globally, compared to 90 points and fourth place in the previous year. The Kingdom topped the global ranking, followed by Finland and Germany in second and third place with 93 points each, then the United Kingdom in fourth place with 92 points, Norway in fifth place with 91 points, and France in sixth place with 90 points