Impact46 has announced the public offering of Bidaya Finance Senior Sukuk, opening a significant investment opportunity for both retail and institutional investors in Saudi Arabia. This Sharia-compliant offering allows investors to participate in the growth of one of the Kingdom’s prominent financing entities through a structured fixed-income instrument.
At a Glance
- Opportunity Type: Public Offering (Sukuk/Islamic Bonds)
- For: Retail and Institutional Investors
- Key Benefits: Fixed-income returns, Sharia-compliant (Zakat-paid), and listed on Tadawul
- Application Deadline: March 10, 2026
- Location: Saudi Arabia (Tadawul Listed)
Sukuk Overview
The Bidaya Financing Senior Sukuk is a public offering issued by Bidaya Finance and managed by Impact46. The program size is set at SAR 1 billion, featuring senior unsecured sukuk denominated in Saudi Riyals. With a maturity period of three years, these instruments offer a medium-term investment horizon and will be traded on the Saudi Exchange (Tadawul), providing liquidity for investors. The issuance is officially rated “BBB- (local)” by Fitch Ratings, reflecting the creditworthiness of the issuer.
Key Benefits
- Public Tradability: The sukuk will be listed and traded on Tadawul, allowing investors to buy or sell their positions.
- Sharia Compliance: The instrument is Sharia-compliant and is categorized as “Zakat-paid” (مزكاة).
- Institutional Backing: Managed by Impact46, a leading multi-asset investment firm with over SAR 2.8 billion in assets under management.
- Stable Issuer Performance: Bidaya Finance reports a financing portfolio of SAR 5.9 billion and a compound annual revenue growth rate (CAGR) of 20% since 2022.
Eligibility Criteria
- Investor Type: Open to both Individual (Retail) investors and Institutional investors.
- Market Access: Investors must have the ability to participate in Saudi Capital Market offerings.
- Risk Profile: Suitable for those seeking Sharia-compliant fixed-income exposure with a three-year maturity profile.
Financial Indicators of the Issuer
Based on Q3 2025 data, Bidaya Finance demonstrates strong operational health:
- Financing Portfolio: SAR 5.9 Billion
- Total Funding: SAR 1.7 Billion
- Annualized Revenue: SAR 309 Million
- Annualized Net Profit: SAR 20 Million
- Net Profit Margin: 5%
How to Apply
Investors can subscribe to the offering during the designated window. It is highly recommended to review the full prospectus before committing capital.
- Subscription Period: 8–10 March 2026
- Official Prospectus & Details: Impact46 Offering Page
- Direct Inquiry: Contact Impact46 at +966 (0) 11 2381660 or info@impact46.sa.
About Impact46
Impact46 (Tatheer Financial) is a leading Saudi-based multi-asset investment and capital markets advisory firm authorized by the Capital Market Authority (CMA). Based in Riyadh, the firm specializes in venture capital, private credit, and structured capital markets. Impact46 is known for its role in leading multiple IPOs and executing landmark sukuk transactions within the Kingdom.
Learn More: Impact46 LinkedIn
