RIYADH — Bidaya Home Finance has recently completed an assessment of its mortgage finance portfolio via Capital Intelligence Ratings Ltd (CI), Cyprus. Based on this exercise, CI issued a Portfolio Assessment Report (Report) to Bidaya. Bidaya's management team is pleased to have undertaken this engagement with CI and looks forward to a long-term relationship between both parties.

Bidaya is already one of the largest residential non-bank financial institutions (NBFIs) in Saudi Arabia and swiftly evolving within the primary and secondary mortgage market space; thus, creating opportunities for future collaborations with CI, primarily in relation to products associated with debt capital markets.

This Report is a testament to Bidaya’s robust mortgage finance platform headquartered in Riyadh, Kingdom of Saudi Arabia. Bidaya was launched in 2015 as a national mortgage finance company after identifying the need for home finance options, primarily for Saudi nationals. The company is licensed under the auspices of the Saudi Arabian Monetary Authority (SAMA) and offers professional and reliable Shariah-compliant financial solutions to both customers and partners. — SG