Derayah Financial Company has set its initial public offering (IPO) price at 30 SAR per share. The listing on the Saudi Exchange (Tadawul) values the company at 7.50 billion SAR ($2 billion). Meanwhile, the total offering size reaches 1.50 billion SAR ($400 million).
Investor demand surged significantly. The institutional bookbuilding process attracted orders worth 243 billion SAR ($65 billion). As a result, the offering saw an oversubscription of 162 times, demonstrating strong confidence from local and international investors.
High Investor Confidence
Taha Al Kuwaiz, co-founder and chairman of Derayah Financial, highlighted the overwhelming response. He emphasized that orders flooded in within minutes, reaching 243 billion SAR. Therefore, he believes this reflects the company’s leadership in Saudi Arabia’s digital investment sector.
Initially, the IPO price range was set between 27 and 30 SAR per share. However, strong demand pushed the final price to the upper limit. This result underscores investor confidence in the company’s growth potential.
Retail Subscription Starts February 20
Retail investors will have an opportunity to participate in the IPO. Their subscription period will run from February 20 to February 22, 2025.
In December 2024, Saudi Arabia’s Capital Market Authority (CMA) approved the offering. As a result, Derayah will float 49.94 million ordinary shares, representing 20% of its total capital.
With such strong interest, Derayah’s IPO stands out as one of the most significant listings of 2025. Moreover, it reflects the rapid expansion of Saudi Arabia’s financial markets.
