Bidaya Finance to List First Sukuk on Saudi Exchange on March 29th
PIF-backed Bidaya Finance will debut on Tadawul’s debt market with a SR200 million sukuk issuance.
Bidaya Finance is set to list the first tranche of its sukuk on the Saudi Exchange (Tadawul) on March 29th, marking its entry into the Kingdom’s public debt market.
The sukuk will trade on the Sukuk and Bonds Market under the symbol 5025 and ISIN SA16HG0IEGJ0.
The SR200 million issuance forms part of a broader SR1 billion sukuk programme, following the completion of subscriptions for the initial offering.
The instrument carries an annual yield of 7.1% over a three-year term and attracted participation from both institutional and retail investors.
The programme was approved last year by the Capital Market Authority, with a total value of up to SR1 billion over five years.
Bidaya Finance is backed by the Public Investment Fund, with the listing reflecting continued activity in Saudi Arabia’s debt capital markets.
