Bidaya Finance renews SAR 750M credit facility with Al Rajhi Bank
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1926127
- Published
- 2026-08-05 10:04:00
- Discovered by ProcIntel
- 2026-08-05 14:01:31
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/da0b613d-db35-4847-a487-5b0027e1c8d2.png" ></p> <p class="ckeCaption" >Bidaya Finance said the facility has a five-year tenor.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/bidaya" target="_blank">Bidaya Finance Co.</a> renewed a SAR 750 million Shariah-compliant credit facility agreement with <a href="https://www.argaam.com/en/tadawul/tasi/alrajhi" target="_blank">Al Rajhi Bank</a>.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said the facility has a five-year tenor. The collateral includes a promissory note and the assignment of receivables.</p> <p ></p> <p >The company noted that the facility will support its expansion plans and drive sales growth over the coming period by providing new financing to customers, in line with its strategy and long-term growth plans.</p> <p ></p> <p >It added that the agreement constitutes an ongoing transaction conducted in the ordinary course of business, on prevailing commercial terms and without any preferential conditions.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.