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Fitch Maintains Bidaya Credit Rating
Fitch has affirmed Bidaya Financing's long-term national credit rating at "BBB-(sau)" with a stable outlook, based on its strong equity position and specialization in real estate financing in Saudi Arabia, along with a conservative approach to leveraging policies. The company reported profits of 8.09 million riyals in the second quarter of 2026, representing an increase of approximately 29.35% compared to the same period last year. Its profits for the first half of the year rose by 24.31% to 10.60 million riyals, following the signing of an agreement to acquire a portfolio of real estate financing contracts valued at 335.285 million riyals.
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