Logo ofDerayah Financial
Derayah Financial Co. stated that the extraordinary general meeting (EGM) of D360 Bank, in which the company holds a 20% stake, approved increasing capital by 27% from SAR 1.65 billion to SAR 2.1 billion. 
The bank will increase capital through the issue of 45 million rights shares, at SAR 10 each, totaling SAR 450 million, according to a Tadawul statement.
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The company intends to participate in the capital hike with a total value of SAR 90 million.
The capital increase will be financed through the company’s internal sources, the company said, adding that this will not affect its cash distribution policy.
Derayah views this investment as a strategic opportunity to unlock revenue synergies through offering its broad suite of investment products and solutions to D360’s growing customer base.
The collaboration will also enhance Derayah’s indirect participation in the fast-growing consumer banking sector, positioning both institutions for scalable, innovation-led growth.
The bank qualifies as a related party, being a subsidiary of Derayah, as the company has authority to appoint more than 30% of bank’s board members.
The company will disclose any subsequent developments related to this matter as they arise. According to data available with Argaam, the Saudi Central Bank (SAMA) announced that D360 Bank obtained no objection to commence its banking operations in the Kingdom.
In February 2022, the Saudi Cabinet gave the go-ahead for Minister of Finance, Mohammed Al-Jadaan, to license D360 Bank. Investors in D360, a local digital bank, include the Public Investment Fund (PIF) and, Derayah Financial Co. complemented by several financial and investment connoisseurs within the Kingdom.
Logo ofDerayah Financial
Derayah Financial Co. stated that the extraordinary general meeting (EGM) of D360 Bank, in which the company holds a 20% stake, approved increasing capital by 27% from SAR 1.65 billion to SAR 2.1 billion.
The bank will increase capital through the issue of 45 million rights shares, at SAR 10 each, totaling SAR 450 million, according to a Tadawul statement.
For more news on listed companies
The company intends to participate in the capital hike with a total value of SAR 90 million.
The capital increase will be financed through the company’s internal sources, the company said, adding that this will not affect its cash distribution policy.
Derayah views this investment as a strategic opportunity to unlock revenue synergies through offering its broad suite of investment products and solutions to D360’s growing customer base.
The collaboration will also enhance Derayah’s indirect participation in the fast-growing consumer banking sector, positioning both institutions for scalable, innovation-led growth.
The bank qualifies as a related party, being a subsidiary of Derayah, as the company has authority to appoint more than 30% of bank’s board members.
The company will disclose any subsequent developments related to this matter as they arise. According to data available with Argaam, the Saudi Central Bank (SAMA) announced that D360 Bank obtained no objection to commence its banking operations in the Kingdom.
In February 2022, the Saudi Cabinet gave the go-ahead for Minister of Finance, Mohammed Al-Jadaan, to license D360 Bank. Investors in D360, a local digital bank, include the Public Investment Fund (PIF) and, Derayah Financial Co. complemented by several financial and investment connoisseurs within the Kingdom.
