BIDAYA introduces new financing solutions for corporate customers

By Shilpa Annie Joseph, Official Reporter
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BIDAYA introduces new corporate financing programs
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BIDAYA Home Finance, Saudi Arabia’s leading non-bank provider of real estate financing products, has launched a brand-new portfolio of financing solutions tailored exclusively for corporate customers.

Following the company’s groundbreaking work in consumer digital real estate financing, the introduction of corporate products marks the beginning of a new chapter for BIDAYA.

Owing to the Kingdom’s charismatic leadership’s Vision 2030, the real estate sector is experiencing tremendous growth across Saudi Arabia.

According to Knight Frank, more than 555,000 additional residential units, over 275,000 hotel rooms, more than 4.3 million square meters of retail space, and over 6.1 million square meters of new office space are expected by 2030.

“These figures translate into significant investment potential, and BIDAYA’s next-generation digital financing solutions for businesses make it simpler than ever to secure the funding they need. This prompted BIDAYA to introduce corporate products to be a supportive arm for investors in this rapidly growing sector,” according to the statement.

The company said that the complete range of corporate products is based on BIDAYA’s powerful and innovative digital platform, which streamlines the entire journey from application to approval and has already simplified financing for tens of thousands of KSA customers of BIDAYA’s home financing programs.

Eng. Mahmoud Bin Saleem Dahdoli, the acting CEO of BIDAYA, stated that, “Having established the benchmark for digital real estate financing for consumers, the introduction of BIDAYA’s new line of corporate real estate financing solutions is a pivotal moment for the company. We are proud to empower the growth opportunities for Saudi businesses, strengthening our contribution to the realization of the ambitious Vision 2030.”

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