Derayah Financial to Offer 20% of Its Capital on Saudi Main Market

Deal News | Jan 23, 2025 | Zawya

Derayah Financial to Offer 20% of Its Capital on Saudi Main Market

Derayah Financial Company, an independent digital investment platform, announced its intention to conduct an initial public offering (IPO) and list its ordinary shares on the Main Market of the Saudi Exchange (Tadawul). With the Capital Market Authority's approval, 49.94 million ordinary shares will be floated, representing 20% of the company's issued share capital. The shares will be offered to individual and institutional investors globally, following U.S. Securities Act regulations. The offer price will be decided post the book-building period, with proceeds from the sale going to current shareholders.

Sectors

  • Financial Services
  • Capital Markets

Geography

  • Saudi Arabia – The article discusses an IPO on the Main Market of the Saudi Exchange, which is the central stock exchange of Saudi Arabia.

Industry

  • Financial Services – The article is focused on Derayah Financial, a company providing digital investment services, which is part of the financial services industry.
  • Capital Markets – The IPO activity and listing of shares on the Saudi Exchange relate to the capital markets industry.

Financials

  • 49.94 million shares – The number of shares Derayah Financial plans to float representing 20% of its issued share capital.

Participants

NameRoleTypeDescription
Derayah Financial CompanyTargetCompanyAn independent digital investment platform planning an IPO on the Saudi Exchange.
Capital Market AuthorityRegulatory BodyGovernmentSaudi Arabia's authority that approves IPOs and regulates the capital market.
Current Shareholders of Derayah FinancialSelling CompanyOtherCurrent shareholders will sell part of their shares during the IPO.