Musharaka Capital Acts as Dealer in the Sukuk Issuance of Bidaya Finance Company

Musharaka Capital, in its capacity as the dealer, announces the intention of Bidaya Finance Company to offer its Sukuk through a public offering in the Sukuk and Bonds Market.

This offering is part of a senior unsecured Sukuk program denominated in Saudi Riyals, with a total program value of up to 1 billion.

The initial issuance size is 200  million, with the final amount to be determined based on market conditions and the company’s needs. The Sukuk are expected to be listed on the Sukuk and Bonds Market (Tadawul) and will be available for subscription by individuals and companies.

The Sukuk are rated BBB– locally by Fitch, with a tenor of three years and an annual return of 7.1% (after Zakat) payable quarterly, with a nominal value of  1,000 per Sukuk and a minimum subscription of  5,000.

The offering period will commence on 8 March 2026 and end on 10 March 2026.

Click here to view the prospectus.