Merchants Capital, in its capacity as Lead Financial Advisor and Co-Lead Arranger, and impact46, in its capacity as Lead Arranger and Co-Financial Advisor, announce Bidaya Finance Company’s intention to launch a public offering of its sukuk on the Sukuk and Bonds Market of Tadawul.
Issuance Details
| Issuer | Bidaya Finance Company |
|---|---|
| Sukuk programme size | SAR 1,000,000,000 |
| Type of sukuk | Senior, unsecured |
| Issuer rating | BBB- (sau) on the local scale by Fitch Ratings |
| Offering type | Public offering |
| Tradability | Listed and tradable on the Sukuk and Bonds Market (Tadawul) |
| Target investors | Individuals and institutions |
| Expected issuance size | SAR 200,000,000; final amount to be determined after the subscription period |
| Annual profit rate | 7.1%, paid quarterly |
| Tenor | 3 years |
| Nominal value per sak | SAR 1,000 |
| Minimum subscription | SAR 5,000 |
| Subscription period | Sunday 8 March 2026 to Tuesday 10 March 2026 |
| Lead Financial Advisor and Co-Lead Arranger | Merchants Capital |
| Lead Arranger and Co-Financial Advisor | impact46 |
Subscriptions may be submitted through the receiving institutions named in the announcement on Tadawul.
Transaction Milestones
- 29 Sep 2025 CMA Approval of the Debt Instruments Programme View on CMA website
- 4 Mar 2026 Intention to Float
Source: announcement on Tadawul
About Merchants Capital
Merchants Capital, the trademark of Darb Altujjar Financial Company, a Saudi capital market institution authorized by the Capital Market Authority (CMA) under license no. 18197-30, provides strategic investment banking services across debt and equity capital markets, project finance, and mergers & acquisitions, enabling corporates and government-related entities to secure capital and achieve their strategic objectives.
All news, announcements or insights are for information purposes only and do not constitute an offer, invitation or recommendation to buy, sell or subscribe for any securities. Public-related disclosures are published on Tadawul.