Bidaya Finance Obtains SAR100 Million Sharia-compliant Funding
Bidaya Finance (SASE:5025) secured a Sharia-compliant murabaha facility worth 100 million Saudi riyals from the Real Estate Development Fund. The Tadawul-listed mortgage lender will use proceeds from the two-year facility to enhance its sales volume through newly originated loans to customers, according to a Sunday release.
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