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Bidaya Home Finance issues SAR 300 million Sukuk

Bidaya Home Finance issues SAR 300 million Sukuk
Riyad Capital was the manager of the SAR 300 million Sukuk issuance

Riyadh – Mubasher: Bidaya Home Finance has launched SAR 300 million two-year Sukuk under its recently established SAR 1 billion Sukuk program.

This is the fourth Sukuk issuance for the company in the domestic Sukuk market, according the company’s CEO, Mazin Al Ghunaim.

“We remain committed to providing attractive home finance solutions through our digital platform in a manner which is bold and innovative,” the CEO added.

Riyad Capital was the manager of the SAR 300 million Sukuk issuance, according to a company statement.