BIDAYA Home Finance was founded and launched as a joint stock company with a total paid-up capital of 900 million Saudi Riyals. Headquartered in Riyadh, BIDAYA is licensed under the Saudi Arabian Monetary Agency (SAMA), and offers suite of Sharia’a compliant products to end-users and partners. Bidaya Home Finance has the preeminent composition of shareholders in the home finance space. It is sponsored by the Islamic Corporation for the Development of the Private Sector (ICD – Member of the Islamic Development Bank Group), Public Investment Fund along with a cross-section of organizations committed to the enablement of home ownership.
The mandates of PIF and ICD are integral to the formation of Bidaya and its social mandate to participate and improve in the enabling of home ownership opportunities to Saudi families
Other shareholders include prominent sponsors and promoters in the Kingdom such as Rashed AbdulRahman Al Rashed & Sons Company, Arab Investment Company, Al Othaim Holdings, Manafi International (M.Y Naghi & Brothers), El Khereiji Investment Company, Manafea Holding Company and Jawahir Investment Co.
Enabling Home Ownership for All
“With the customer at the heart of everything we do, we will enable each-other, our partners, our shareholders and the broader community to support us in promoting home ownership for all"