Riyadh - Mubasher: Fitch Ratings has affirmed Bidaya Finance Company's national long-term rating at 'BBB-(sau)', with a stable outlook.
Bidaya Finance's long-term issuer default rating (IDR) is driven by its intrinsic strength, reflecting its niche position as a non-bank finance company primarily focused on real estate financing in the Kingdom and its commitment to a conservative leverage policy.
In the first six months (6M) of 2026, the company logged 24.31% year-on-year (YoY) higher net profits attributable to shareholders at SAR 10.60 million, compared with SAR 8.53 million a year earlier.
