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Bidaya Finance Offloads Real Estate Financing Portfolio in SAR129 Million Deal

MT Newswires·09/22/2026 01:40:52
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01:40 AM EDT, 09/22/2026 (MT Newswires) -- Bidaya Finance (SASE:5025) closed the sale of its real estate financing portfolio to Saudi Real Estate Refinance Co. for 129 million Saudi riyals, according to a Tuesday release. The Tadawul-listed mortgage lender will use the proceeds to fund its business activities. The real estate financing portfolio purchase and servicing agreement is expected to have a positive impact on Bidaya's financials for the third quarter of 2026.