Derayah Financial Company announces listing and commencement of trading on the Main Market of the Saudi Exchange

Derayah Financial Company (“Derayah” or the “Company” or the “Issuer”), the leading independent digital investment platform in Saudi Arabia (the “Kingdom” or “KSA”), listed its shares on the Main Market of the Saudi Exchange following the successful completion of its Initial Public Offering (the “IPO” or the “Offering”). Derayah is now trading under the ticker symbol: 4084.

A total of 49,947,039 ordinary shares were sold in the Offering (“Offer Shares”), representing 20% of the Company’s issued share capital, through a partial sale by the Company’s current shareholders in proportion with their existing shareholdings (the “Selling Shareholders”).

The IPO was priced at ^30 per share, the top end of the price range, with 90% of the Offer Shares allotted to Participating Parties and 10% to Individual Investors. This implies a market capitalization at listing of c.^7.5 billion (c. USD[1] 2.0 billion), with the total size of the IPO being c.^1.5 billion (c. USD 400 million).

The book building process saw significant demand from a wide range of local and international institutional investors, generating an order book worth ^243 billion (USD 65 billion), reflecting subscription coverage of 162x the total offered shares. Similarly, the individual investor tranche witnessed subscriptions from 586,422 retail subscribers, worth a total demand of ^2.3 billion (USD 600 million), reflecting a subscription coverage of approximately 15x the offering shares in this tranche.

Taha AlKuwaiz, Co-Founder and Chairman of Derayah, said:

“Today marks a truly historic moment for Derayah as we commence trading of our shares on the Main Market of the Saudi Exchange. Since it was established in 2009, Derayah has been driven by a singular vision: to empower individuals to build their wealth by simplifying the process of investing. In doing so, we have combined a purpose-built technology platform, cutting-edge investment solutions, specialized expertise, and a steadfast commitment to our clients to build Derayah as it is today – Saudi Arabia’s leading independent digital investment platform.

We are proud of the role we are playing in achieving the national objectives of the Financial Sector Development Program and Vision 2030 as the Kingdom’s capital markets continue to grow and evolve. The overwhelming interest in our IPO from a wide array of institutional and individual investors is a testament to their confidence in our business model and growth strategy. As we move forward, we remain committed to enhancing our brokerage leadership, expanding our asset management business and further advancing our digital wealth management offerings through continuous innovation.

On behalf of the Board of Directors, I would like to extend my deepest gratitude to the entire Derayah team for their unwavering dedication to making this IPO, and indeed this Company, the success it is today. I am excited to welcome our new shareholders to Derayah and look forward to shaping the next chapter of Derayah’s growth together.”