Derayah Financial Co. recorded a net profit of SAR 444 million in 2024, reflecting a 36% rise from SAR 330 million in 2023, following the release of its annual financial results for the period ended December 31, 2024.
Operational profit grew by 41% to SAR 518 million, compared to SAR 366 million in the previous year. Total shareholders’ equity, excluding minority interest, increased by 18% to SAR 958 million, up from SAR 812 million in 2023.
Earnings per share stood at SAR 1.83, compared to SAR 1.36 in 2023.
The company stated on Tadawul that revenue for FY2024 surged by 40.6% to SAR 876.7 million, driven by strong performance across all core business segments, including brokerage, asset and wealth management, and special commission income.
- The brokerage segment generated SAR 490.4 million in revenue, a 26.2% increase year-on-year, supported by robust trading activity, higher net commissions, and an 18% rise in Derayah’s Trade Finance Fund, which reached SAR 1.49 billion.
- Revenue from asset management grew by 77.6% to SAR 144.7 million, driven by a 66% increase in assets under management (AUM), which reached SAR 17.2 billion by year-end.
- Special commission income surged 50% to SAR 203.5 million, supported by a nearly 20% increase in assets under custody, exceeding SAR 30 billion, and the expansion of the securities borrowing and lending service in global markets.
