Bidaya Finance Company announces the signing of a Shariah-compliant Murabaha facility agreement with the Real Estate Development Fund.

AI Summary

Bidaya Finance Company signed a 100 million Saudi riyals Shariah-compliant Murabaha facility agreement with the Real Estate Development Fund on July 1, 2026.
The financing has a two-year duration and is secured by a promissory note and company receivables.
The funds will be used to expand the company's sales volume through new customer loans in accordance with its growth strategy.

Element List	Explanation
Date of obtaining the funding	2026-07-01 Corresponding to 1448-01-16
Financing entity	Real Estate Development Fund
Financing amount.	100 million Saudi riyals
Financing duration.	2 Years
Guarantees offered for the financing	A promissory note Receivables provided to the bank as security
Financing objective	The purpose of this facility is to expand and increase the company's sales volume through new originated loans to its customers, in line with the company's strategy and future plans.
Related Parties	N/A
Additional Information	The Company confirms that the Agreement is an ongoing transaction and is carried out in the ordinary course of business and in accordance with the prevailing commercial terms and without any preferential terms.