Bidaya Finance Company announces signed a real estate financing portfolio Purchase agreement with the Saudi Real Estate Refinance Company (SRC)

5025TadawulJuly 1, 2026View on exchange

AI Summary

Bidaya Finance Company signed a Real Estate Financing Portfolio Purchase and Servicing Agreement with the Saudi Real Estate Refinance Company (SRC) for a total of SAR 335,285,097.
The agreement was signed on June 30, 2026, with proceeds designated to fund the company’s business activities.
The transaction is expected to have a positive financial impact on the company’s financial statements for the second quarter of 2026.

Element List	Explanation
Announcement Detail	Bidaya Finance Company announces that on 15/01/1448 H corresponding to 30/06/2026, the Company signed a Real Estate Financing Portfolio Purchase Agreement and Servicing Agreement with the Saudi Real Estate Refinance Company (SRC), for a total amount of SAR 335,285,097. Bidaya Finance Company confirms that the sale was completed in accordance with all applicable regulatory procedures and requirements. The proceeds from the sale will be utilized to fund the Company’s business activities The transaction is expected to have a positive financial impact on the financial statements for Q2-2026

Element List

Explanation

Announcement Detail

Bidaya Finance Company announces that on 15/01/1448 H corresponding to 30/06/2026, the Company signed a Real Estate Financing Portfolio Purchase Agreement and Servicing Agreement with the Saudi Real Estate Refinance Company (SRC), for a total amount of SAR 335,285,097.

Bidaya Finance Company confirms that the sale was completed in accordance with all applicable regulatory procedures and requirements.

The proceeds from the sale will be utilized to fund the Company’s business activities

The transaction is expected to have a positive financial impact on the financial statements for Q2-2026