Logo ofDerayah Financial Co.
Retail investors began subscribing today, Feb. 20, to 4.99 million shares ofDerayah Financial Co.atSAR 30 per share, as determined through thebook-building process. 
The retail tranche accounts for 10% of the total offering, with the subscription running for three days until Dec. 22.
In December, the Capital Market Authority (CMA) approved Derayah’s request to float 49.95 million shares, or 20% of the post-IPO capital, on the Main Market (TASI).
The offering includes the sale of 4.69 million shares, or 1.88% of post-IPO capital to Saleh Al-Olyan, a major shareholder.
The institutional subscription ended last week, with the offering 162x oversubscribed.
Derayah’s IPO will be the first to be carried out in the Main Market during 2025.
Tadawul witnessed 14 IPOs last year,following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,MiahonaCo.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for OudCo.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4)on Oct. 2,Tamkeen Human Resources Co.on Nov. 5,United International Holding Co.on Nov. 19, Almoosa Health Co.on Dec. 23 and Nice One Co. on Dec. 24.
Company Info:
Derayah Financial is a joint stock company established in April 2009. It is headquartered in Riyadh.
The company’s current capital is SAR 499.5 million, divided into 249.74 million shares, at a par value of SAR 2 per share.
The company’s main activity, according to its articles of association and as stated in its commercial register, is dealing in securities, managing investments and operating funds, arranging, advising and custody of securities.
Derayah provides asset management and brokerage services, managing assets worth more than SAR 11 billion, facilitating more than 430,000 brokerage accounts, and total assets under management amounting to SAR 15 billion by the end of June 2024.
According to the prospectus, the company dominated a 14% market share of the online trading market in the Kingdom, making it the third largest digital broker in the Kingdom. It achieved a significant increase from the market share of 5% in 2018.
The company’s client accounts base grew 12-fold, rising from 36,000 in 2016 to 434,000 in 2023.
Company Profile
Company
Derayah Financial Co.
Core Activities
Dealing in securities, investment management,.
Capital
SAR 499.47 mln
Number of Shares
249.74 mln
Share Par Value
SAR 2 per share
IPO Summary
Issue Percentage
20%
Offer price
SAR 30 per share
Offered shares
49.95 mln shares
Qualified subscribers
Retail subscribers
Minimum subscription limit
(retail investors)
10 shares
Maximum subscription limit
(retail investors)
250,000 shares
Offer period
Three days from Feb. 20-22, 2025
Final Allocation
Feb. 27, 2025
Refund (if any)
March 4, 2025
Additional Information
Financial Advisor and Lead Manager
HSBC Saudi Arabia
Receiving Banks
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, BSF Capital, Yaqeen Capital
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
Taha Abdulaziz Al-Kuwaiz
60.54
24.2%
48.08
19.3%
Abdulzziz Ibrahim Al Jammaz Brothers Co.
23.82
9.5%
18.92
7.6%
Sanad Investment Co.
23.12
9.3%
18.36
7.4%
Al Touq Co. Ltd.
17.1
6.8%
13.6
5.4%
Hashem Othman
12.0
4.8%
9.5
3.8%
Abdulwahab S. Al-Sayed
12.0
4.8%
9.5
3.8%
Prince Fahd Saad Al Saud
11.5
4.6%
9.2
3.7%
Abdulaziz Al-Showaier
11.3
4.5%
8.9
3.6%
Mubarak Baarmah
8.9
3.6%
7.1
2.8%
Mohammed M. Al-Rashid
7.5
3.0%
5.9
2.4%
Muwaiya H. Al-Hanati
7.5
3.0%
5.9
2.4%
Abdulaziz Al-Mishaal
7.5
3.0%
5.9
2.4%
Mohammed Al-Shammasi
5.5
2.2%
4.4
1.7%
Derayat Alinma Trading Co.
4.4
1.8%
3.5
1.4%
Faisal Khalid Al-Hamdan
3.8
1.5%
3.0
1.2%
Kamal A. Bahamdan
2.6
1.1%
2.1
0.8%
Fawzia S. Al-Saeed
2.6
1.1%
2.1
0.8%
Dar Investment Company for Management and Development
2.3
0.9%
1.8
0.7%
Manar Talal Bakhsh
2.0
0.8%
1.6
0.6%
Faisal M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Saad M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Fahd M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Ahmed M. bin Halim
1.5
0.6%
1.2
0.5%
Thamer S. Al-Shuaibi
1.2
0.5%
0.95
0.4%
Hind M. Al-Suhaili
0.82
0.3%
0.65
0.3%
Haifa M. Al-Suhaili
0.82
0.3%
0.65
0.3%
Talal M. Al-Nasiri
0.75
0.3%
0.60
0.2%
Mansour Kaaki
0.75
0.3%
0.60
0.2%
Fahd Ali Al-Suhaili
0.75
0.3%
0.60
0.2%
Ibrahim Al-Harabi
0.68
0.3%
0.54
0.2%
Abdulhadi Ali Shayif
0.65
0.3%
0.52
0.2%
Thamer R. Al-Dosari
0.33
0.1%
0.26
0.1%
Ahmed Al-Omar
0.23
0.1%
0.18
0.1%
Abdul Mohsen Al-Hekail
0.15
0.1%
0.12
—
Abdulaziz Al-Rashid Al-Ashban
0.13
0.1%
0.11
—
Public
—
—
49.95
20%
Total*
242.67
97.2%
242.68
97.2%
*Total other investors amount to 35 investors, including treasury shares of 7.06 post IPO.
Logo ofDerayah Financial Co.
Retail investors began subscribing today, Feb. 20, to 4.99 million shares ofDerayah Financial Co.atSAR 30 per share, as determined through thebook-building process.
The retail tranche accounts for 10% of the total offering, with the subscription running for three days until Dec. 22.
In December, the Capital Market Authority (CMA) approved Derayah’s request to float 49.95 million shares, or 20% of the post-IPO capital, on the Main Market (TASI).
The offering includes the sale of 4.69 million shares, or 1.88% of post-IPO capital to Saleh Al-Olyan, a major shareholder.
The institutional subscription ended last week, with the offering 162x oversubscribed.
Derayah’s IPO will be the first to be carried out in the Main Market during 2025.
Tadawul witnessed 14 IPOs last year,following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,MiahonaCo.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for OudCo.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4)on Oct. 2,Tamkeen Human Resources Co.on Nov. 5,United International Holding Co.on Nov. 19, Almoosa Health Co.on Dec. 23 and Nice One Co. on Dec. 24.
Company Info:
Derayah Financial is a joint stock company established in April 2009. It is headquartered in Riyadh.
The company’s current capital is SAR 499.5 million, divided into 249.74 million shares, at a par value of SAR 2 per share.
The company’s main activity, according to its articles of association and as stated in its commercial register, is dealing in securities, managing investments and operating funds, arranging, advising and custody of securities.
Derayah provides asset management and brokerage services, managing assets worth more than SAR 11 billion, facilitating more than 430,000 brokerage accounts, and total assets under management amounting to SAR 15 billion by the end of June 2024.
According to the prospectus, the company dominated a 14% market share of the online trading market in the Kingdom, making it the third largest digital broker in the Kingdom. It achieved a significant increase from the market share of 5% in 2018.
The company’s client accounts base grew 12-fold, rising from 36,000 in 2016 to 434,000 in 2023.
Company Profile
Company
Derayah Financial Co.
Core Activities
Dealing in securities, investment management,.
Capital
SAR 499.47 mln
Number of Shares
249.74 mln
Share Par Value
SAR 2 per share
IPO Summary
Issue Percentage
20%
Offer price
SAR 30 per share
Offered shares
49.95 mln shares
Qualified subscribers
Retail subscribers
Minimum subscription limit
(retail investors)
10 shares
Maximum subscription limit
(retail investors)
250,000 shares
Offer period
Three days from Feb. 20-22, 2025
Final Allocation
Feb. 27, 2025
Refund (if any)
March 4, 2025
Additional Information
Financial Advisor and Lead Manager
HSBC Saudi Arabia
Receiving Banks
Derayah Financial, Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, ANB Capital, Alistithmar Capital AlJazira Capital, GIB Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, BSF Capital, Yaqeen Capital
Company Shareholders
Shareholders
Before IPO
After IPO
Number of Shares
(mln shares)
Ownership (%)
Number of Shares
(mln shares)
Ownership (%)
Taha Abdulaziz Al-Kuwaiz
60.54
24.2%
48.08
19.3%
Abdulzziz Ibrahim Al Jammaz Brothers Co.
23.82
9.5%
18.92
7.6%
Sanad Investment Co.
23.12
9.3%
18.36
7.4%
Al Touq Co. Ltd.
17.1
6.8%
13.6
5.4%
Hashem Othman
12.0
4.8%
9.5
3.8%
Abdulwahab S. Al-Sayed
12.0
4.8%
9.5
3.8%
Prince Fahd Saad Al Saud
11.5
4.6%
9.2
3.7%
Abdulaziz Al-Showaier
11.3
4.5%
8.9
3.6%
Mubarak Baarmah
8.9
3.6%
7.1
2.8%
Mohammed M. Al-Rashid
7.5
3.0%
5.9
2.4%
Muwaiya H. Al-Hanati
7.5
3.0%
5.9
2.4%
Abdulaziz Al-Mishaal
7.5
3.0%
5.9
2.4%
Mohammed Al-Shammasi
5.5
2.2%
4.4
1.7%
Derayat Alinma Trading Co.
4.4
1.8%
3.5
1.4%
Faisal Khalid Al-Hamdan
3.8
1.5%
3.0
1.2%
Kamal A. Bahamdan
2.6
1.1%
2.1
0.8%
Fawzia S. Al-Saeed
2.6
1.1%
2.1
0.8%
Dar Investment Company for Management and Development
2.3
0.9%
1.8
0.7%
Manar Talal Bakhsh
2.0
0.8%
1.6
0.6%
Faisal M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Saad M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Fahd M. Al-Suhaili
1.6
0.7%
1.3
0.5%
Ahmed M. bin Halim
1.5
0.6%
1.2
0.5%
Thamer S. Al-Shuaibi
1.2
0.5%
0.95
0.4%
Hind M. Al-Suhaili
0.82
0.3%
0.65
0.3%
Haifa M. Al-Suhaili
0.82
0.3%
0.65
0.3%
Talal M. Al-Nasiri
0.75
0.3%
0.60
0.2%
Mansour Kaaki
0.75
0.3%
0.60
0.2%
Fahd Ali Al-Suhaili
0.75
0.3%
0.60
0.2%
Ibrahim Al-Harabi
0.68
0.3%
0.54
0.2%
Abdulhadi Ali Shayif
0.65
0.3%
0.52
0.2%
Thamer R. Al-Dosari
0.33
0.1%
0.26
0.1%
Ahmed Al-Omar
0.23
0.1%
0.18
0.1%
Abdul Mohsen Al-Hekail
0.15
0.1%
0.12
—
Abdulaziz Al-Rashid Al-Ashban
0.13
0.1%
0.11
—
Public
—
—
49.95
20%
Total*
242.67
97.2%
242.68
97.2%
*Total other investors amount to 35 investors, including treasury shares of 7.06 post IPO.
