Saudi Arabia's Capital Markets Authority (CMA) has approved Bidaya Finance Company’s application to register and publicly offer debt instruments under a programme with a maximum value of SAR 1,000,000,000. The CMA indicated that a prospectus will be published sufficiently ahead of the subscription period and will include information such as the issuer’s financial statements, business and management details, the programme terms, and risk factors. It also stressed that its approval is not a recommendation to subscribe and reflects that legal requirements under the Capital Market Law and its Implementing Regulations have been met. The approval is valid for six months from the CMA Board resolution date and will be cancelled if the offering and listing of the programme’s first tranche are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-09-29
Saudi Arabia Capital Markets Authority approves Bidaya Finance debt instruments programme public offering up to SAR 1 billion
Saudi Arabia's Capital Markets Authority has approved Bidaya Finance Company's application to register and publicly offer debt instruments up to SAR 1 billion. The approval is valid for six months and contingent on meeting legal requirements under the Capital Market Law and its Implementing Regulations. A prospectus will be published before the subscription period, detailing financial statements, business information, and risk factors.