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Bidaya Finance Renews Credit Facility to Boost Sales

MT Newswires·08/05/2026 02:06:14
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02:06 AM EDT, 08/05/2026 (MT Newswires) -- Bidaya Finance (SASE:5025) renewed its Sharia-compliant credit facility worth 750 million Saudi riyals with Al Rajhi Bank (SASE:1120) to boost its sales volume by offering new loans to clients. The financing is valid for five years and is guaranteed by a promissory note and assignment of acceptable receivables proceeds, according to a Wednesday release.