D360 Bank is seeking to raise nearly SAR 1.5 billion through a capital increase to finance its expansion plans, Asharq TV reported, citing sources. 
The bank obtained shareholder approval for the capital hike on Thursday, the sources said, adding that the bank’s latest valuation stands at $1.2 billion (SAR 4.5 billion) prior to the planned capital raise.
The bank has already attracted interest from a number of local and international investors.
D360 is owned by the Public Investment Fund and Derayah Financial, with Derayah holding a 20.4% stake. The bank commenced commercial operations in Saudi Arabia in December 2024.
D360 Bank is seeking to raise nearly SAR 1.5 billion through a capital increase to finance its expansion plans, Asharq TV reported, citing sources.
The bank obtained shareholder approval for the capital hike on Thursday, the sources said, adding that the bank’s latest valuation stands at $1.2 billion (SAR 4.5 billion) prior to the planned capital raise.
The bank has already attracted interest from a number of local and international investors.
D360 is owned by the Public Investment Fund and Derayah Financial, with Derayah holding a 20.4% stake. The bank commenced commercial operations in Saudi Arabia in December 2024.
