Derayah Financial Sets IPO Price at SAR 30 Amid Strong Investor Demand
Big news in the financial world—Derayah Financial Company has officially set its final IPO price at SAR 30 per share , hitting the top of its previously announced price range. This decision comes after an overwhelming response from institutional investors, with the book-building process seeing a massive 162 times oversubscription . That’s an enormous level of demand, showcasing just how much confidence investors have in Derayah’s future.
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Derayah, a leading digital investment platform in Saudi Arabia, is floating 49.95 million shares , which represents 20% of its SAR 499.5 million capital . This move marks a significant step in the company’s journey as it gears up for public trading. With the final offer price set at SAR 30, Derayah’s market capitalization at listing is estimated at SAR 7.5 billion —that’s about USD 2 billion .
HSBC Saudi Arabia, serving as the financial advisor, bookrunner, underwriter, and lead manager for this IPO, has confirmed that institutional investors have placed total orders of SAR 243 billion . This staggering demand reaffirms Derayah’s strong position in the financial market, not just in Saudi Arabia but across the GCC and beyond.
Now, for retail investors, the subscription period runs from February 20 to February 22 . Out of the total offering, 4.99 million shares (10%) have been allocated for retail investors , giving individuals a chance to be part of this major financial move.
Derayah’s Co-Founder and Chairman, Taha AlKuwaiz , expressed his excitement about the overwhelming response from investors, emphasizing the company’s commitment to driving innovation and contributing to Saudi Arabia’s Vision 2030 . With such a strong start, all eyes are now on Derayah as it steps into the public market. Will this be one of the most successful IPOs of the year? Only time will tell!
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