Impact46, a prominent multi-asset investment and capital markets advisory firm based in Riyadh, has officially announced the public offering of the Bidaya Finance Senior Sukuk. This offering is designed to attract a diverse range of participants, being made available to both retail and institutional investors. The move marks a significant step in expanding Sharia-compliant investment opportunities within the Kingdom’s evolving capital markets.
Subscription Details and Program Structure
The subscription period for the Bidaya Finance Senior Sukuk is scheduled to run from March 8 to March 10, 2026. This issuance falls under a broader Sukuk program with a total value of SAR 1 billion. These senior unsecured instruments carry a maturity period of three years and will be listed and traded on the Saudi Exchange (Tadawul). Impact46 is serving as the lead manager and joint financial advisor for the transaction, ensuring the issuance meets regulatory standards and investor expectations.
Financial Strength of Bidaya Finance
Bidaya Finance enters this public offering backed by a solid financial performance record as of the third quarter of 2025. The company maintains a financing portfolio valued at SAR 5.9 billion, with total funding reaching SAR 1.7 billion. With an annual revenue of SAR 309 million and a net profit of SAR 20 million, the issuer demonstrates a consistent growth trajectory, boasting a compound annual growth rate (CAGR) of 20% in revenue since 2022. The company also maintains a Fitch local credit rating of BBB-, signaling a stable outlook for potential investors.
Strategic Role in the Saudi Capital Market
The launch of this Sukuk reflects the growing sophistication of the Saudi Arabian financial landscape. By offering Zakat-compliant instruments to the public, Impact46 and Bidaya Finance are contributing to the deepening of the local debt capital market. This initiative aligns with broader national goals to diversify investment channels and provide liquid, tradable assets for both individual citizens and large-scale financial institutions.
About Impact46
Impact46 is a leading multi-asset investment and capital markets advisory firm headquartered in Riyadh, Saudi Arabia. Licensed by the Capital Market Authority (CMA), the firm specializes in venture capital, private credit, and structured capital markets. With over SAR 2.8 billion in assets under management, Impact46 has a proven track record of leading IPOs and executing landmark Sukuk transactions, positioning itself as a pivotal player in the Kingdom’s alternative investment and financial advisory sectors.
Source: Impact46
