Impact Capital Co. (Impact46) and Merchants Capital have finalized the first sukuk issuance by Bidaya Finance Co., raising SAR 200 million. The sukuk, maturing on March 16, 2029, offers a 7.1% annual yield paid quarterly. Demand exceeded the target, with 100% allocated to institutional investors and 75% to individuals. Refunds for unallocated amounts will be processed after regulatory approvals. The sukuk will be listed post-compliance with regulatory procedures. This issuance highlights growing investor confidence in Saudi sukuk markets, driven by competitive yields and strong demand from both institutional and retail investors. The 7.1% yield is attractive compared to regional benchmarks, potentially influencing future sukuk pricing. The successful allocation underscores the role of Islamic finance in Saudi Arabia’s capital market diversification strategy. For traders, this event may boost liquidity in sukuk markets and support broader Tadawul indices. Investors should monitor the sukuk’s listing timeline and its impact on secondary market yields. Additionally, the involvement of Impact46 and Merchants Capital signals a trend of collaboration among regional financial advisors in capital raising.
مباشر