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.
Tabuk, May 21, 2026, SPA — The Red Sea is witnessing increased demand during the Eid Al-Adha holiday. Red Sea Global announced 10 additional flights through Red Sea International Airport to meet growing demand for the destination. The total number of flights will reach 90 from May 21 to 31, connecting the destination with Riyadh, Jeddah, Dubai, and Doha through Saudia, flydubai, and Qatar Airways. The destination currently welcomes guests across 11 hotels, enhancing accommodation capacity during the holiday period.