Bidaya Home Finance, the Saudi non-bank provider of real estate financing products, has announced the launch of a brand-new portfolio of financing solutions tailored exclusively for corporate customers.Â
The company is launching with three distinctive programmes. This includes Purchase of Residential and Commercial Land Financing, aimed at companies seeking to purchase into constructing commercial or residential buildings for commercial purposes, or their own operational needs.
This is in addition to the offering Construction (Development or Completion) of Real Estate Project Financing, which targets businesses that already own land and want to build a commercial real estate project. It is also suitable for companies that want to develop facilities for operating purposes.
Another offering includes Buy-and-Lease-Back Financing, which is intended for companies that own income-generating investment properties and seeks to sell them to Bidaya and rent them to acquire finance for other commercial purposes, such as investments and expansion.
On the new programmes, Acting CEO Engineer Faisal bin Abdulrahman Al Nasser said: “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.”
Owing to the kingdom’s charismatic leadership’s Vision 2030, the real estate sector is experiencing tremendous growth across Saudi Arabia, he noted.
