Logo of Derayah Financial Co.
Derayah Financial Co. issued today, Jan. 23, the prospectus for offering 49.95 million shares, or 20% of the company’s capital of SAR 499.5 million, on the Saudi Exchange (Tadawul). Derayah's capital is divided into 249.74 million shares at a par value of SAR 2 each.
The offering will run for three days from Feb. 20-22.
In December, the Capital Market Authority (CMA) approved the company's application to float its shares on the Main Market.
The company’s main activity, as per its articles of association and commercial register, is represented in dealings in securities, investments management an fund operation, arrangement, advisory and securities custody.
The subscription is limited to two categories of investors:
Tranche (A): Participating parties: Those who are qualified to participate in the book building process, including investment funds, foreign companies and institutions, investors from GCC companies, and other foreign investors by virtue of swap agreements
Tranche (B): Individual investors: This tranche comprises Saudi nationals, including and any non-Saudi natural person who is a resident in the Kingdom and any GCC national, who holds a bank account with one of the receiving entities, and are allowed to open an investment account.
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Company Profile |
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Company |
Derayah Financial Co. |
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Core Activities |
Dealing in securities, investment management,. |
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Capital |
SAR 499.47 mln |
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Number of Shares |
249.74 mln |
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Share Par Value |
SAR 2 per share |
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IPO Summary |
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Issue Percentage |
20% |
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Offered shares |
49.95 mln shares |
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Number of offered shares to retail investors |
4.99 mln shares (10% of capital) |
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Minimum subscription limit (participating parties:) |
100,000 shares |
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Minimum subscription limit (retail investors) |
10 shares |
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Maximum subscription limit (participating parties:) |
12.48 mln |
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Maximum subscription limit (retail investors) |
250,000 shares |
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Offer period |
Three days from Feb. 20-22, 2025 |
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Final Allocation |
Feb. 27, 2025 |
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Refund (if any) |
March 4, 2025 |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln shares) |
Ownership (%) |
Number of Shares (mln shares) |
Ownership (%) |
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Taha Abdullah Al-Kuwaiz |
60.54 |
24.2% |
48.08 |
19.3% |
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Abdulzziz Ibrahim Al Jammaz & Brothers Co. |
23.82 |
9.5% |
18.92 |
7.6% |
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Sanadj Investment Co. |
23.12 |
9.3% |
18.36 |
7.4% |
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Other shareholders* |
142.26 |
57% |
114.43 |
45.7% |
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Public |
-- |
-- |
49.95 |
20% |
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Total |
249.74 |
100% |
249.74 |
100% |
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Additional Information |
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Financial Advisor and Lead Manager |
HSBC Saudi Arabia |
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Receiving Banks |
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, BSF Capital, Yaqeen Capital |
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