Bidaya Finance expects a positive impact on its financial statements in Q3 2026.
Bidaya Finance Co. signed an agreement on Sept. 21 with Saudi Real Estate Refinance Co. (SRC) to purchase a portfolio of mortgage finance contracts and provide servicing for the sold contracts, for a total value of SAR 129.02 million. 
The proceeds from the transaction will be used to finance the company’s operations and regular business activities, Bidaya Finance said in a statement to Tadawul today, Sept. 22.
The company expects the agreement to have a positive impact on its financial statements in Q3 2026.
Bidaya Finance confirmed that the sale of the aforementioned financing contracts was completed in accordance with all applicable regulatory requirements.
Bidaya Finance expects a positive impact on its financial statements in Q3 2026.
Bidaya Finance Co. signed an agreement on Sept. 21 with Saudi Real Estate Refinance Co. (SRC) to purchase a portfolio of mortgage finance contracts and provide servicing for the sold contracts, for a total value of SAR 129.02 million.
The proceeds from the transaction will be used to finance the company’s operations and regular business activities, Bidaya Finance said in a statement to Tadawul today, Sept. 22.
The company expects the agreement to have a positive impact on its financial statements in Q3 2026.
Bidaya Finance confirmed that the sale of the aforementioned financing contracts was completed in accordance with all applicable regulatory requirements.
